The company “W. Capital”, operating in the real estate brokerage sector in Dubai, monitored the registration of real estate sales of 23.47 billion dirhams, during the first half of the current month of Ramadan, indicating the record of record unprecedented records during this month.
The company stated, in a statement, that, according to the monitoring that relied on the data of the Land and Property Department in Dubai, the value of real estate actions (including sales, mortgages and gifts) amounted to about 31.96 billion dirhams, by implementing 9352 deals.
According to these data, the number of sales deals since the beginning of Ramadan reached 7492 deals, distributed between 5903 housing units, 733 buildings, and 856 plots of land.
In turn, the value of the mortgages reached 7.57 billion dirhams, by implementing 1551 transactions, while the gifts recorded 923.3 million dirhams, through the implementation of 309 deals.
According to the company, from the beginning of 2025 to 14 March, real estate sales recorded about 119 billion dirhams, through about 38 thousand transactions, while mortgages recorded 33.3 billion dirhams, and gifts eight billion dirhams.
The Chairman of the Board of Directors of the company “W. Capital” for real estate mediation, Walid Al -Zarouni, said that the month of Ramadan was witnessing a seasonal period of calm in the real estate sector in the Emirates before 2022, but that real estate developers were able to turn this calm into a recovery period, as the sector continues for the fourth year in a row to record a big boom in this month.
He added, “The real estate market continues to record record levels in terms of sales and transactions month after another.” He pointed out that Ramadan transactions increased from 17.3 billion dirhams in 2022, to 32 billion dirhams in the month of Ramadan 2023, then to 36.13 billion dirhams in Ramadan last year, which was the highest ever for this holy month.
Al -Zarouni stressed that the registration of these levels of sales in Ramadan gives a good impression to investors that the seasonal periods are not stagnation, but rather a “recovery”.
Al -Zarouni said that the sales of real estate in Dubai enhances the strong demand for investors, wealthy people, with competencies and individuals with good financial sheets for living, work and investment, in addition to increasing the percentage of trend towards ownership by the residents of the country.
He added: “These are the most important factors for sales recovery in Ramadan and non -Ramadan. The real estate market has decomposed from seasonal recovery during certain periods during the year, and recovery has become throughout the year.”
He pointed out that the incentives and engines to demand real estate during the month of Ramadan may last long for the coming years, especially since the timing of the month of fasting will be in moderate weather periods, and Al -Zarouni suggested further breaking the records in terms of the size and value of real estate behavior, and the lack of restrictions on seasonal factors that lead to low transactions.
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