Ramadan 2025: A Golden Opportunity for Property Market Investors in Dubai
According to the latest report, Dubai’s property market has shown remarkable growth during Ramadan 2024, unlike the common perception. The property market in Dubai thrives in the holy month of Ramadan. Considering 2023 and 2024 data, an increase in transactions, sales value, and property prices has been observed.
Experts are of the view that “exclusive Ramadan offers” lead to this growth. The report further concluded, “The reduced overall market activity during Ramadan means that those engaging in property transactions are highly motivated, leading to quicker deal closures.”
Transaction volume climbed by 39% to 12,313 transactions in 2024 Ramadan, up from 8,846 in 2023. The total sales value of properties increased by 55% to AED 32.6 billion in 2024 as opposed to AED 21 billion in 2023. Average sales prices of properties also rose by 12% from AED 2.37 million to AED 2.65 million.
Prices of villas in Dubai grew by around 10%, reaching AED 9.85 million from AED 8.95 million. A 22% increase in the prices of townhouses has also been observed, reaching AED 3.11 million from AED 2.55 million. Per square foot prices of apartments and townhouses rose to AED 1,821 and AED 1,169 respectively.
A positive market trend is also predicted for Ramadan 2025. Transaction volume is expected to reach around 13,500. Total sales value and average sales prices are projected to reach AED 36 billion and AED 2.7 million. Prices of villas could potentially hit AED 10 million and prices per square foot are also expected to increase to AED 1,750 for apartments and AED 1,200 for townhouses.
Dubai’s real estate sector also comes with exclusive Ramadan offers, making it an ideal time to secure valuable real estate deals. Acube Developments is offering 10% off on the pre-handover payment plan and 5% off on the post-handover payment plan till 31st March. Samana Developers has announced a 1% payment plan on Parkville.
Damac Properties has also come with an exclusive offer on selected developments including Cavalli Tower, Damac Bay 1 and 2, Safa One and Tow, and Conture by Cavalli and Volta will be part of this exclusive offer. Two options will be part of this offer: a 4% DLD waiver has been announced for the 50:50 payment plan with just a 10% down payment or a 60:40 property payment structure, including a two-year post-completion interest-free payment option.
Considering these stats, Ramadan 2025 is going to be an active month, offering significant returns on property investment mainly because of the growth potential of the property market, increasing number of investors, strategic investment opportunities, market stability, etc. Property sellers can capitalize on by listing their properties and investors can also explore valuable investment opportunities during Ramadan this year.