Market reports / May 2024
Dubai property market - May 2024
- 16.161
- Registered sales
- AED 34,1 Mrd.
- Total value
- AED 1,8 Mio.
- Median price
- AED 1.714
- Median per ft²
- 45.323
- Rent contracts
- AED 90.992,2
- Median annual rent
Dubai recorded 16.161 residential sales in May 2024, worth AED 34,1 Mrd. in total - +50.2% versus the previous month and +51.5% versus a year earlier.
The median sale price was AED 1,8 Mio., at a median of AED 1.714 per ft² (+1.2% month-on-month, +4.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 45.323 contracts were registered in May 2024, with a median annual rent of AED 90.992,2.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.