Market reports / May 2011
Dubai property market - May 2011
- 2,242
- Registered sales
- AED 3.7 مليار
- Total value
- AED 1.4 مليون
- Median price
- AED 863
- Median per ft²
- 2,312
- Rent contracts
- AED 221.3 ألف
- Median annual rent
Dubai recorded 2,242 residential sales in May 2011, worth AED 3.7 مليار in total - -2.6% versus the previous month and -22.0% versus a year earlier.
The median sale price was AED 1.4 مليون, at a median of AED 863 per ft² (-6.7% month-on-month, +0.6% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 2,312 contracts were registered in May 2011, with a median annual rent of AED 221.3 ألف.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.