Market reports / December 2023
Dubai property market - December 2023
- 10.046
- Registered sales
- AED 23,4 Mrd.
- Total value
- AED 1,9 Mio.
- Median price
- AED 1.705
- Median per ft²
- 49.784
- Rent contracts
- AED 88.862,6
- Median annual rent
Dubai recorded 10.046 residential sales in December 2023, worth AED 23,4 Mrd. in total - -1.4% versus the previous month and +26.4% versus a year earlier.
The median sale price was AED 1,9 Mio., at a median of AED 1.705 per ft² (+4.8% month-on-month, +9.2% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 49.784 contracts were registered in December 2023, with a median annual rent of AED 88.862,6.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.