Dubai’s real estate market has surpassed expectations by demonstrating robust growth during Ramadan, challenging the widely held belief of a seasonal slowdown, according to a new report by Betterhomes.
Data from 2023 and 2024 indicate significant increases in property transactions, sales value, and prices, positioning Dubai as a top global real estate destination.
During Ramadan 2024, property transactions surged by 39%, reaching 12,313 deals compared to 8,846 in 2023. The total sales value jumped by 55% to AED32.6 billion from AED21 billion, reflecting heightened buyer interest and investor confidence.
The first half of Ramadan 2024 alone recorded 5,608 transactions, up 28% from 2023, generating AED14.8 billion in sales marking a 38% increase.
Experts attribute the unexpected momentum to:
The positive trend is expected to continue, with analysts projecting:
“Dubai remains a top choice for global investors, and Ramadan has proven to be a dynamic period for real estate activity,” the Betterhomes report noted.
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