Market reports / March 2009
Dubai property market - March 2009
- 3.898
- Registered sales
- AED 5 Mrd.
- Total value
- AED 1,1 Mio.
- Median price
- AED 823
- Median per ft²
- 1
- Rent contracts
- AED 60.000
- Median annual rent
Dubai recorded 3.898 residential sales in March 2009, worth AED 5 Mrd. in total - +5.7% versus the previous month and +232.3% versus a year earlier.
The median sale price was AED 1,1 Mio., at a median of AED 823 per ft² (+6.6% month-on-month, +63.9% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 1 contracts were registered in March 2009, with a median annual rent of AED 60.000.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.