Market reports / February 2012
Dubai property market - February 2012
- 2.677
- Registered sales
- AED 4 Mrd.
- Total value
- AED 1,2 Mio.
- Median price
- AED 823
- Median per ft²
- 6.572
- Rent contracts
- AED 87.642,8
- Median annual rent
Dubai recorded 2.677 residential sales in February 2012, worth AED 4 Mrd. in total - +9.8% versus the previous month and -2.3% versus a year earlier.
The median sale price was AED 1,2 Mio., at a median of AED 823 per ft² (-4.6% month-on-month, -5.8% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 6.572 contracts were registered in February 2012, with a median annual rent of AED 87.642,8.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.