Dubai sees property deals worth $1.5bn during Ramadan
Property deals worth AED5.6 million ($1.5bn) were completed in Dubai during Ramadan this year.
Research from Property Finder revealed there were off-plan deals worth AED2.63 billion in the emirate over the period, an increase of 51 percent on Ramadan 2018 (AED1.74 billion) and up 54 percent on the 2017 figure (AED1.71 billion).
“It is also important to note the total average price for off-plan residential transactions has increased year on year. The overall average price for off-plan residential transactions in 2018 was AED1.23 million while in 2019, the overall average price is AED1.42 million,” said Lynnette Abad, director of research & data, Property Finder.