Market reports / September 2008
Dubai property market - September 2008
- 1.517
- Registered sales
- AED 2,5 Mrd.
- Total value
- AED 1,4 Mio.
- Median price
- AED 712
- Median per ft²
- 1
- Rent contracts
- AED 25.243
- Median annual rent
Dubai recorded 1.517 residential sales in September 2008, worth AED 2,5 Mrd. in total - -22.6% versus the previous month and +109.5% versus a year earlier.
The median sale price was AED 1,4 Mio., at a median of AED 712 per ft² (-8.5% month-on-month, +84.8% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 1 contracts were registered in September 2008, with a median annual rent of AED 25.243.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.