Market reports / May 2014
Dubai property market - May 2014
- 4,074
- Registered sales
- AED 7.3 مليار
- Total value
- AED 1.6 مليون
- Median price
- AED 1,230
- Median per ft²
- 20,923
- Rent contracts
- AED 128.6 ألف
- Median annual rent
Dubai recorded 4,074 residential sales in May 2014, worth AED 7.3 مليار in total - -22.0% versus the previous month and -24.2% versus a year earlier.
The median sale price was AED 1.6 مليون, at a median of AED 1,230 per ft² (-1.1% month-on-month, +26.6% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 20,923 contracts were registered in May 2014, with a median annual rent of AED 128.6 ألف.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.