Market reports / December 2016
Dubai property market - December 2016
- 2 760
- Registered sales
- AED 4,8 Md
- Total value
- AED 1,4 M
- Median price
- AED 1 128
- Median per ft²
- 22 899
- Rent contracts
- AED 88,9 k
- Median annual rent
Dubai recorded 2 760 residential sales in December 2016, worth AED 4,8 Md in total - -8.3% versus the previous month and -30.7% versus a year earlier.
The median sale price was AED 1,4 M, at a median of AED 1 128 per ft² (+5.6% month-on-month, +3.0% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 22 899 contracts were registered in December 2016, with a median annual rent of AED 88,9 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.