Market reports / March 2012
Dubai property market - March 2012
- 2.359
- Registered sales
- AED 3,9 Mrd.
- Total value
- AED 1,3 Mio.
- Median price
- AED 881
- Median per ft²
- 6.792
- Rent contracts
- AED 101.485,3
- Median annual rent
Dubai recorded 2.359 residential sales in March 2012, worth AED 3,9 Mrd. in total - -11.9% versus the previous month and -15.5% versus a year earlier.
The median sale price was AED 1,3 Mio., at a median of AED 881 per ft² (+7.1% month-on-month, +2.7% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 6.792 contracts were registered in March 2012, with a median annual rent of AED 101.485,3.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.