Market reports / May 2009
Dubai property market - May 2009
- 6,734
- Registered sales
- AED 8.7 مليار
- Total value
- AED 1.1 مليون
- Median price
- AED 915
- Median per ft²
- 1
- Rent contracts
- AED 28 ألف
- Median annual rent
Dubai recorded 6,734 residential sales in May 2009, worth AED 8.7 مليار in total - -19.5% versus the previous month and +362.5% versus a year earlier.
The median sale price was AED 1.1 مليون, at a median of AED 915 per ft² (-12.1% month-on-month, +49.7% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 1 contracts were registered in May 2009, with a median annual rent of AED 28 ألف.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.