Ramadan, the holy month of fasting and reflection, has a significant impact on the real estate market in the UAE.
While some may think that the month of Ramadan slows down activity in the property market, it’s quite the opposite. Ramadan is actually a period of increased activity in the UAE’s real estate sector. During this time, many expats take the opportunity to travel back home, leaving their properties vacant. At the same time, many locals take advantage of the special offers and incentives provided by developers and landlords, making it an ideal time for property purchases or rentals.
he holy month of Ramadan is also a time for charitable giving, and real estate companies in the UAE often use this opportunity to support social and charitable causes.
There is no fixed percentage or number to indicate how much the real estate market increases during Ramadan in the UAE, as the market can be affected by various factors such as economic conditions, government policies, and demand from buyers and sellers.
However, it’s generally recognised that the property market experiences a noticeable surge in activity during the month of Ramadan, as many people take advantage of the special offers and incentives provided by developers and landlords.
The holy month of Ramadan is also a time for charitable giving, and real estate companies in the UAE often use this opportunity to support social and charitable causes.
Overall, Ramadan creates a unique and vibrant atmosphere in the UAE’s real estate market, providing great opportunities for both buyers and sellers alike.
