Market reports / May 2023
Dubai property market - May 2023
- 10.666
- Registered sales
- AED 25,2 Mrd.
- Total value
- AED 1,9 Mio.
- Median price
- AED 1.644
- Median per ft²
- 40.982
- Rent contracts
- AED 94.050,8
- Median annual rent
Dubai recorded 10.666 residential sales in May 2023, worth AED 25,2 Mrd. in total - +48.4% versus the previous month and +89.9% versus a year earlier.
The median sale price was AED 1,9 Mio., at a median of AED 1.644 per ft² (+6.6% month-on-month, +9.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 40.982 contracts were registered in May 2023, with a median annual rent of AED 94.050,8.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.