Market reports / August 2016
Dubai property market - August 2016
- 3.713
- Registered sales
- AED 8 Mrd.
- Total value
- AED 1,9 Mio.
- Median price
- AED 1.264
- Median per ft²
- 26.565
- Rent contracts
- AED 91.175,7
- Median annual rent
Dubai recorded 3.713 residential sales in August 2016, worth AED 8 Mrd. in total - +19.3% versus the previous month and +24.8% versus a year earlier.
The median sale price was AED 1,9 Mio., at a median of AED 1.264 per ft² (-4.5% month-on-month, +11.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 26.565 contracts were registered in August 2016, with a median annual rent of AED 91.175,7.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.