Market reports / May 2016
Dubai property market - May 2016
- 3.240
- Registered sales
- AED 5,9 Mrd.
- Total value
- AED 1,6 Mio.
- Median price
- AED 1.125
- Median per ft²
- 23.244
- Rent contracts
- AED 88.896
- Median annual rent
Dubai recorded 3.240 residential sales in May 2016, worth AED 5,9 Mrd. in total - -2.3% versus the previous month and +5.2% versus a year earlier.
The median sale price was AED 1,6 Mio., at a median of AED 1.125 per ft² (-2.0% month-on-month, -1.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 23.244 contracts were registered in May 2016, with a median annual rent of AED 88.896.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.