Market reports / March 2016
Dubai property market - March 2016
- 2 411
- Registered sales
- AED 4,4 Md
- Total value
- AED 1,6 M
- Median price
- AED 1 065
- Median per ft²
- 22 438
- Rent contracts
- AED 106 k
- Median annual rent
Dubai recorded 2 411 residential sales in March 2016, worth AED 4,4 Md in total - -43.2% versus the previous month and -24.4% versus a year earlier.
The median sale price was AED 1,6 M, at a median of AED 1 065 per ft² (-8.0% month-on-month, -15.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 22 438 contracts were registered in March 2016, with a median annual rent of AED 106 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.