Market reports / May 2023
Dubai property market - May 2023
- 10,666
- Registered sales
- AED 25.2 مليار
- Total value
- AED 1.9 مليون
- Median price
- AED 1,644
- Median per ft²
- 40,982
- Rent contracts
- AED 94.1 ألف
- Median annual rent
Dubai recorded 10,666 residential sales in May 2023, worth AED 25.2 مليار in total - +48.4% versus the previous month and +89.9% versus a year earlier.
The median sale price was AED 1.9 مليون, at a median of AED 1,644 per ft² (+6.6% month-on-month, +9.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 40,982 contracts were registered in May 2023, with a median annual rent of AED 94.1 ألف.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.