Market reports / March 2011
Dubai property market - March 2011
- 2 791
- Registered sales
- AED 4,7 Md
- Total value
- AED 1,3 M
- Median price
- AED 858
- Median per ft²
- 1 889
- Rent contracts
- AED 55 k
- Median annual rent
Dubai recorded 2 791 residential sales in March 2011, worth AED 4,7 Md in total - +1.9% versus the previous month and -62.3% versus a year earlier.
The median sale price was AED 1,3 M, at a median of AED 858 per ft² (-1.7% month-on-month, -20.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 1 889 contracts were registered in March 2011, with a median annual rent of AED 55 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.