Market reports / May 2024
Dubai property market - May 2024
- 16,161
- Registered sales
- AED 34.1 مليار
- Total value
- AED 1.8 مليون
- Median price
- AED 1,714
- Median per ft²
- 45,323
- Rent contracts
- AED 91 ألف
- Median annual rent
Dubai recorded 16,161 residential sales in May 2024, worth AED 34.1 مليار in total - +50.2% versus the previous month and +51.5% versus a year earlier.
The median sale price was AED 1.8 مليون, at a median of AED 1,714 per ft² (+1.2% month-on-month, +4.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 45,323 contracts were registered in May 2024, with a median annual rent of AED 91 ألف.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.