Market reports / July 2016
Dubai property market - July 2016
- 3 112
- Registered sales
- AED 6,3 Md
- Total value
- AED 1,8 M
- Median price
- AED 1 324
- Median per ft²
- 27 080
- Rent contracts
- AED 131,4 k
- Median annual rent
Dubai recorded 3 112 residential sales in July 2016, worth AED 6,3 Md in total - +0.3% versus the previous month and +64.8% versus a year earlier.
The median sale price was AED 1,8 M, at a median of AED 1 324 per ft² (+19.7% month-on-month, +21.6% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 27 080 contracts were registered in July 2016, with a median annual rent of AED 131,4 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.