Market reports / May 2010
Dubai property market - May 2010
- 2 873
- Registered sales
- AED 4,3 Md
- Total value
- AED 1,3 M
- Median price
- AED 858
- Median per ft²
- 466
- Rent contracts
- AED 59,8 k
- Median annual rent
Dubai recorded 2 873 residential sales in May 2010, worth AED 4,3 Md in total - +1.6% versus the previous month and -57.3% versus a year earlier.
The median sale price was AED 1,3 M, at a median of AED 858 per ft² (+2.5% month-on-month, -6.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 466 contracts were registered in May 2010, with a median annual rent of AED 59,8 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.