Dubai sees property deals worth $1.52 during Ramadan 2019, analysis finds
Property deals cumulatively worth $1.52 billion were transacted in Dubai solely during Ramadan this year, analysis by the Research & Data team at Property Finder has found.
According to data released by the property portal, there were off-plan transactions worth $715.9 million in Dubai during Ramadan 2019. This was an increase of 51% compared to off-plan property deals worth $473.6 million during Ramadan 2018, and a 54% increase compared to off-plan transactions worth $465.5 million during Ramadan 2017.
“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 Dh 1.23 million while in 2019, the overall average price is Dh 1.42 million,” said Lynnette Abad, director of Research & Data, Property Finder.