Ramadan in Dubai is not only a time of spiritual reflection but also a period that brings exclusive opportunities for those looking to invest in luxury real estate. From March 11 to April 9, 2024, DAMAC Properties presents LAYALY DAMAC, a curated property show offering special incentives for investors. As Dubai’s real estate market continues to grow with a 20% year-on-year increase in property transactions, this month provides the perfect environment for securing prime properties in the city’s prestigious developments.
DAMAC’s offerings during Ramadan include super-luxury residences in some of the city’s most coveted locations, such as Cavalli Tower and DAMAC Bay. Investors can take advantage of a 4% DLD waiver on the 50:50 payment plan with a 10% down payment or opt for a two-year post-completion interest-free 60:40 payment plan. In addition to these attractive payment plans, buyers will enjoy a range of benefits such as exclusive stay packages and luxury vouchers.
However, while Ramadan brings exciting investment opportunities, it’s also essential to respect the cultural norms of the UAE during this sacred month. Non-Muslims are expected to refrain from eating, drinking, smoking, or chewing gum in public spaces, including cars. Public displays of affection should be avoided, and loud music or celebrations, such as dancing, should be kept to private spaces.
For those visiting or living in Dubai during Ramadan, it’s important to note that many businesses, including malls and tourist attractions, adjust their hours to accommodate the spirit of the month. Many shops may remain closed for the day and open later into the evening, and large supermarkets could operate 24 hours a day. The UAE’s commitment to a respectful and peaceful Ramadan also means avoiding public celebrations of any kind.
In the realm of real estate, however, developers like DAMAC continue to make this time of year an ideal opportunity to invest in Dubai’s luxury property market, all while respecting the cultural richness of the city. With LAYALY DAMAC, there is an opportunity to join in the growth of Dubai’s luxury real estate while celebrating the season of giving.
References:
https://metropolitan.realestate/blog/rules-of-conduct-in-the-uae-during-ramadan
https://www.damacproperties.comhttps://www.arabianbusiness.com
