Record Real Estate Sales in Dubai During the First Half of Ramadan
Diverse property transactions surge as market continues to show resilience.
Dubai's real estate market has reported unprecedented sales during the first half of Ramadan, with a total value of AED 23.47 billion (approximately USD 6.39 billion), according to data compiled by W Capital, a local real estate brokerage firm.
This new figure indicates a record-breaking performance for the month, highlighting an upward trend in property transactions amid seasonal expectations.
The total real estate transactions, which include sales, mortgages, and gifts, reached approximately AED 31.96 billion, covering 9,352 total deals executed in the market.
A significant portion of these transactions, 7,492, were sales—a composition of 5,903 residential units, 733 buildings, and 856 plots of land, illustrating a broad engagement across various property types.
Mortgages contributed AED 7.57 billion through 1,551 transactions, while gifts accounted for AED 923.3 million across 309 deals.
This robust performance is set against the backdrop of a rising trend observed since 2022, when traditionally, Ramadan saw a decline in real estate operations.
From the start of 2025 until March 14, real estate sales in Dubai have accumulated to approximately AED 119 billion through nearly 38,000 transactions.
During the same period, mortgages totalled AED 33.3 billion, complemented by AED 8 billion in gifts, showcasing a dynamic and resilient market.
Waleed Al Zarouni, Chairman of W Capital, noted the transformation of Ramadan from a typically slow period into a thriving time for real estate development.
He emphasized the growth from AED 17.3 billion in sales during Ramadan 2022 to AED 32 billion in Ramadan 2023, culminating in AED 36.13 billion last Ramadan, which represented the highest figures ever recorded for the month.
Al Zarouni further stated that the current sales figures signal a positive sentiment among investors, suggesting that seasonal periods should not be perceived as downturns, but rather as opportunities for growth.
He highlighted that the robust property market has been buoyed by increasing interest from wealthy investors, skilled professionals, and financially capable individuals, all looking to live, work, and invest in Dubai.
The increased inclination towards ownership among residents stands as a critical factor in the ongoing real estate recovery and sales surge both during Ramadan and beyond.
Al Zarouni indicated that the drivers of property demand during Ramadan might continue to exhibit longevity in the coming years, especially with the fasting month coinciding with milder weather conditions.
He anticipated further record-breaking figures in terms of both volume and value of real estate transactions, indicating a departure from the traditional seasonal constraints on the market.
This new figure indicates a record-breaking performance for the month, highlighting an upward trend in property transactions amid seasonal expectations.
The total real estate transactions, which include sales, mortgages, and gifts, reached approximately AED 31.96 billion, covering 9,352 total deals executed in the market.
A significant portion of these transactions, 7,492, were sales—a composition of 5,903 residential units, 733 buildings, and 856 plots of land, illustrating a broad engagement across various property types.
Mortgages contributed AED 7.57 billion through 1,551 transactions, while gifts accounted for AED 923.3 million across 309 deals.
This robust performance is set against the backdrop of a rising trend observed since 2022, when traditionally, Ramadan saw a decline in real estate operations.
From the start of 2025 until March 14, real estate sales in Dubai have accumulated to approximately AED 119 billion through nearly 38,000 transactions.
During the same period, mortgages totalled AED 33.3 billion, complemented by AED 8 billion in gifts, showcasing a dynamic and resilient market.
Waleed Al Zarouni, Chairman of W Capital, noted the transformation of Ramadan from a typically slow period into a thriving time for real estate development.
He emphasized the growth from AED 17.3 billion in sales during Ramadan 2022 to AED 32 billion in Ramadan 2023, culminating in AED 36.13 billion last Ramadan, which represented the highest figures ever recorded for the month.
Al Zarouni further stated that the current sales figures signal a positive sentiment among investors, suggesting that seasonal periods should not be perceived as downturns, but rather as opportunities for growth.
He highlighted that the robust property market has been buoyed by increasing interest from wealthy investors, skilled professionals, and financially capable individuals, all looking to live, work, and invest in Dubai.
The increased inclination towards ownership among residents stands as a critical factor in the ongoing real estate recovery and sales surge both during Ramadan and beyond.
Al Zarouni indicated that the drivers of property demand during Ramadan might continue to exhibit longevity in the coming years, especially with the fasting month coinciding with milder weather conditions.
He anticipated further record-breaking figures in terms of both volume and value of real estate transactions, indicating a departure from the traditional seasonal constraints on the market.
