Ramadan 2025 Set to See AED 36 Billion in Dubai Property Transactions
Dubai’s real estate market has shown strong performance during Ramadan, defying expectations of a seasonal slowdown, according to a recent report by Betterhomes.
Historical data from 2023 and 2024 indicates steady increases in transactions, sales value, and property prices.
Ramadan Fuels Dubai’s Property Growth
In Ramadan 2024, transaction volume surged by 39%, reaching 12,313 compared to 8,846 in 2023.
Total sales value rose by 55%, climbing from AED 21 billion in 2023 to AED 32.6 billion in 2024.
The average sales price increased by 12%, reaching AED 2.65 million in 2024, up from AED 2.37 million in the previous year.
Villa prices climbed 10% to AED 9.85 million from AED 8.95 million, while townhouses saw a 22% rise, reaching AED 3.11 million from AED 2.55 million.
Price per square foot also grew across all property types, with the market average rising to AED 1,741 in 2024 from AED 1,507 in 2023. Apartments averaged AED 1,821 per square foot, while townhouses reached AED 1,169.
The first half of Ramadan 2024 saw 5,608 transactions, marking a 28% increase from 2023, with total sales hitting AED 14.8 billion—38% higher than the previous year.
Experts attribute this upward trend to “exclusive Ramadan offers” from developers, including payment plans, discounts, and fee waivers.
Outlook for Ramadan 2025
Looking ahead, experts forecast approximately 13,500 transactions and a total sales value of AED 36 billion during Ramadan 2025.
The average sales price is projected to rise to AED 2.7 million, with villas potentially reaching AED 10 million.
Price per square foot is expected to climb to AED 1,750 for apartments and AED 1,200 for townhouses, reflecting sustained demand for Dubai’s real estate.
“Dubai remains a prime destination for global investors, and Ramadan continues to be an active period for real estate. Rather than slowing, the market thrives on strategic opportunities and growing buyer interest. Sellers benefit from strong demand, while buyers and investors can capitalize on prime deals before prices escalate further,” the report noted.
