Dubai's property market defied its traditional Ramadan slowdown, recording 15,196 transactions worth AED 50.58 billion between 18 February and 19 March – a 29.7 percent year-on-year increase in value and a 5.63% rise in volume.
According to Kelt and Co Realty, off-plan sales accounted for 9,665 transactions valued at AED 24.71 billion, while 5,531 ready sales reached AED 25.9 billion. The mortgage market logged 3,298 transactions totalling AED 14.77 billion.
Strong demand against limited supply drove the outperformance, supported by developer incentives including DLD fee waivers, flexible payment plans and extended deadlines. Broader market fundamentals – population growth, high ROI, Golden Visa eligibility and a tax-free environment – continued to underpin investor confidence despite regional geopolitical pressures.
Gulf Economist Staff Writer