Market reports / January 2016
Dubai property market - January 2016
- 2 607
- Registered sales
- AED 4,9 Md
- Total value
- AED 1,6 M
- Median price
- AED 1 159
- Median per ft²
- 39 703
- Rent contracts
- AED 78,9 k
- Median annual rent
Dubai recorded 2 607 residential sales in January 2016, worth AED 4,9 Md in total - -34.6% versus the previous month and -31.0% versus a year earlier.
The median sale price was AED 1,6 M, at a median of AED 1 159 per ft² (+5.8% month-on-month, +0.6% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 39 703 contracts were registered in January 2016, with a median annual rent of AED 78,9 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.