Market reports / May 2012
Dubai property market - May 2012
- 3 161
- Registered sales
- AED 4,9 Md
- Total value
- AED 1,3 M
- Median price
- AED 843
- Median per ft²
- 7 928
- Rent contracts
- AED 108,2 k
- Median annual rent
Dubai recorded 3 161 residential sales in May 2012, worth AED 4,9 Md in total - +6.0% versus the previous month and +41.0% versus a year earlier.
The median sale price was AED 1,3 M, at a median of AED 843 per ft² (-2.7% month-on-month, -2.4% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 7 928 contracts were registered in May 2012, with a median annual rent of AED 108,2 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.