The Holy Month of Ramadan brings a unique atmosphere to Dubai – stunning light displays, vibrant iftar feasts, and a slower, more reflective pace of life. But behind the scenes, something quite interesting happens in the Dubai real estate market.
Let’s explore what really unfolds in the market during Ramadan in our latest blog.
What’s Ramadan Like in Dubai?
Throughout Ramadan, Dubai’s residents stay put and soak up the traditions, practices, and celebrations that surround the city and bring the community together. From lavish iftar tents and Taraweeh prayers to late-night Suhoor gatherings, life takes on a beautiful rhythm. The workday shortens, the evenings come alive, and the city radiates with warmth and connection.
What Happens to the Dubai Property Market?
You’d think the property scene would hit pause during Ramadan – reduced working hours, more social events, and a shift in lifestyle sound like a slowdown, right? Wrong. In reality, the market stays buzzing, and Ramadan can actually be a prime time to make a move.
It’s also a month of generosity and giving back, with many companies, including real estate developers, contributing to charitable causes or organizing community initiatives. This spirit of unity in Ramadan adds another layer of meaning to the month, making it a truly special time to be in Dubai.
Do Viewings Slow Down?
No – quite the opposite. With reduced working hours, most buyers and sellers have more flexible schedules, translating into extra time to attend viewings. And with Ramadan falling in March this year, Dubai’s pleasant weather (17°C to 29°C) makes viewings even more appealing.
What Happens to Property Prices?
Massive price drops? Not exactly. But developers love to roll out Ramadan-exclusive perks, including fee waivers, service charge holidays, and flexible payment plans (like 25/75: 25% upfront, 75% over three years). Not too shabby.
Enter the Sofa Surfers:
Ramadan consists of spirituality, unity – and inevitably, scrolling. According to TikTok, users increase screen time by up to 3 hours a day during the month. Of course, more time means extra eyes on real estate listings and extra time to explore property portals, book viewings and buy or rent property.
The Data Doesn’t Lie
Dubai’s property market has experienced growth during Ramadan, contradicting expectations of a slowdown during the period, according to a new report by Betterhomes. In fact, transactions rose by 39 per cent, reaching 12,313 in Ramadan 2024, up from 8,846 in 2023. The total sales value increased by 55 per cent to AED 32.6 billion in 2024, compared to AED 21 billion in 2023.
What’s Driving This Growth?
Market analysts point to the aforementioned Ramadan offers from developers, including flexible payment plans, discounts, and fee waivers. Historically, serious buyers enter the market during Ramadan, with many shifting from casual interest to committed investments. So, developers respond by introducing special promotions to incentivize investors.
Not to mention, lower competition also makes this period attractive. In fact, many buyers postpone purchases until after Ramadan, so property viewings are less crowded during the Holy Month. As a result, motivated investors gain more negotiation power, allowing them to secure prime properties at better prices.
Why Ramadan 2025 Could Be Even Bigger:
With Ramadan falling in March, the cooler weeks makes property viewings way more appealing than in the scorching summer months. This contrasts with past Ramadans, which may have potentially witnessed slower activity, such as viewings and transactions, due to heat and travel.
Overall, March’s favorable springtime conditions likely support a strong market, with fewer travel disruptions compared to summer, with experts predicting 13,500 transactions and AED 36 billion in sales value for this year’s Ramadan in 2025.
Wrapping Up
Ramadan is a truly special period – a time of spirituality, reflection and giving back. But it’s also a season that presents a “Golden opportunity”, where the Dubai real estate market quietly flourishes. Reduced competition, motivated sellers, and developer incentives create the perfect conditions for investors.
So, if you’ve been eyeing a property, maybe it’s time to swap those post-iftar Netflix marathons for a deep dive into Dubai’s property portals. Your next investment could be just a click away!
Thinking of investing? Check out the latest real estate investment opportunities on the SmartCrowd platform and start building your portfolio via fractional ownership this Ramadan!
Disclaimer: This blog is intended solely for educational purposes and shouldn’t be treated as financial advice. We suggest you always conduct thorough research, perform your own due diligence, and consult with financial advisors to assess any real estate property against your own financial goals.
