As the holy month of Ramadan approaches, marking a time of fasting and reflection from March 10 to April 8 in 2024, the pulse of Real Estate Dubai experiences a noticeable shift. While daily rhythms slow, opportunities emerge within the market's ebb and flow—a period characterized by reduced activity and increased potentials for property investment. This time can lead to more advantageous negotiations in property prices and the chance to secure real estate at an attractive value, but it also comes with the duality of lower demand and fewer viewings due to the focus on religious observances.
Dubai’s real estate market recorded 84,772 transactions worth AED300 billion ($81 billion) in 2021, according to a new report issued by the Dubai Land Department (DLD).
Villas are expected to drive strong growth in Dubai's real estate sector during the fourth quarter of 2021 as consumer and investor sentiments rise ahead of Expo 2020 Dubai, according to new research.
The economy has bounced back sharply from the pandemic in the city-state following a successful vaccination drive, and that has spilled into the real estate market, with a continued increase in sales, according to Dubai Land Department records.