Dubai, United Arab Emirates
Monday, March 17, 2025
The Latest record in Dubai real estate sales assessed by W Capital, a leading Dubai-based brokerage, showed that sales in the first half of the holy month of Ramadan exceeded AED 23.47bn, marking unprecedented record figures during this holy month.
The company’s report, which assessed data from the Dubai Land Department, DLD,confirmed sales transactions reached approximately 7,492 since the beginning of Ramadan, comprising 5,903 residential units, 733 buildings, and 856 plots of land.
The value of real estate transactions (sales, mortgages, and grants) reached approximately AED 31.96bn through 9,352 transactions.
The value of mortgages during this period reached AED 7.57bn, across 1,551 transactions, while grants approached AED 923.3 million, through 309 transactions.
From the beginning of the year until March 14, real estate sales were approximately AED 119bn, through 38,000 transactions. Mortgages reached AED 33.3bn, and grants reached AED 8bn.
“The month of Ramadan witnessed a seasonal lull in the UAE’s real estate sector prior to 2022. However, real estate developers were able to turn this lull into a period of recovery, as the sector continues to record a significant boom during this holy month for the fourth consecutive year,” said Walid Al Zarooni, W Capital CEO.
He stated that the real estate market continues to record new highs in sales and transactions month after month, adding that Ramadan transactions increased from AED 17.3bn in 2022 to AED 32bn in Ramadan 2023,and to AED 36.13bn in Ramadan last year, the highest ever for this holy month.
Al Zarooni stated that these sales levels during Ramadan gives investors a positive impression that seasonal periods are not of recession, but rather a timeof recovery, evidenced by the month of Ramadan or the summer season.
The CEOnoted that real estate sales in Dubai were boosted by strong demand from investors, wealthy individuals, skilled professionals, and deep-pocket buyerslooking for living, working, and investing.There is alsothe trend to own a house among residents.
These are the most important factors behind the recovery in sales during Ramadan and summer seasons. The real estate market has recovered from its seasonal boom during certain periods of the year and is now recovering throughout the year.
He pointed out that the incentives and drivers of real estate demand during Ramadan may persist for years to come, especially since the fasting month come in periods of moderate weather.
Walid Al Zarooniexpected further record-breaking in the volume and value of real estate transactions, without being restricted by seasonal factors that used to cause decline in transactions.
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About “W Capital”:
“W Capital Real Estate Brokerage” was established in 2007 in the United Arab Emirates, specializing in real estate development, buying, selling, renting as well as consulting services for real estate companies.
Since its inception, the company has sold over AED 200 million of properties to major developers.
About Walid Al Zarooni:
Walid Al Zarooni is the founder and Chairman of W Capital Real Estate Brokerage. A certified real estate expert from the Dubai Real Estate Regulatory Agency “RERA”, he is the author of “Secrets of the Smart Real Estate Investor”.
Al Zarooni is one of the first experts to harness social media to raise the public awareness about real estate. He provides almost free advice on a daily basis, as well as latest news and updated information through videos and posts on social media platforms such as ” Instagram “,“ Snapchat ” and “Twitter”, on which he is very active.