Contrary to expectations, Dubai’s property market flourished during Ramadan 2024, with transactions soaring by 39% to 12,313 compared to 8,846 in 2023, according to a Betterhomes report.

Total sales value surged 55%, reaching AED 32.6 billion, up from AED 21 billion last year. The average property price climbed 12% to AED 2.65 million, while villa prices hit AED 9.85 million (+10%) and townhouse prices rose 22% to AED 3.11 million.

The first two weeks of Ramadan saw 5,608 transactions, marking a 28% increase from 2023, with sales totaling AED 14.8 billion. Analysts attribute this growth to exclusive Ramadan deals, including payment plans, discounts, and fee waivers.

Looking ahead to Ramadan 2025, transactions are expected to reach 13,500, with total sales projected at AED 36 billion. Property prices are also set to rise, making this period an opportune time for buyers and investors to secure prime assets before further increases.