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Dubai's property market is active during Ramadan
三月 20, 2024
Dubai's property market is active during Ramadan 迪拜
By   Internet
  • 城市報
  • Dubai Real Estate
  • Dubai real estate market
  • real estate incentives
  • real estate investment
Abstract: The real estate market in Dubai has always been a focal point of attention, and during the Ramadan period, some renowned real estate developers in the city have introduced a series of attractive promotional policies aimed at attracting more homebuyers and investors. These policies reportedly include discounts of up to 15%, partial waivers of DLD fees, and the provision of complimentary furniture.

The Ramadan period in Dubai has not resulted in stagnation in the real estate market; instead, recent data shows that the city's real estate transaction volumes have been steadily increasing. Industry insiders attribute this trend mainly to the targeted promotional policies formulated by developers during Ramadan.


According to a report by Dubai REST, during the first week of Ramadan in 2023, the real estate sales transaction value recorded by Dubai's Land Department increased compared to the same period the previous year, reaching AED 5.92 billion (approximately USD 1.61 billion), a significant rise from the sales figures of the previous year.


Dubai's property market is active during Ramadan

Internet


Meanwhile, industry insiders advise homebuyers to plan meticulously during the Ramadan period and be aware that working hours may be reduced, necessitating thorough communication with stakeholders to ensure smooth transactions. Despite potential adjustments to business hours and regulatory processes during Ramadan, Dubai's real estate market has consistently maintained robust activity levels during this period.


The introduction of these promotional policies provides a rare opportunity for homebuyers and investors while also demonstrating the market's adaptability and investors' sustained interest in the sector. Industry professionals emphasize the importance of having a clear understanding of Ramadan's timing and maintaining a high level of professionalism and market engagement to facilitate successful transactions.

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Dubai's property market is active during Ramadan
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