Market reports / August 2018

Dubai property market - August 2018

1.439
Registered sales
AED 2,2 Mrd.
Total value
AED 1,4 Mio.
Median price
AED 1.110
Median per ft²
32.511
Rent contracts
AED 112.518,6
Median annual rent

Dubai recorded 1.439 residential sales in August 2018, worth AED 2,2 Mrd. in total - -44.7% versus the previous month and -63.7% versus a year earlier.

The median sale price was AED 1,4 Mio., at a median of AED 1.110 per ft² (-6.7% month-on-month, -8.0% year-on-year). Medians are computed across individual registered transactions - see the methodology.

On the rental side, 32.511 contracts were registered in August 2018, with a median annual rent of AED 112.518,6.

For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.