Market reports / May 2017
Dubai property market - May 2017
- 3 798
- Registered sales
- AED 6 Md
- Total value
- AED 1,4 M
- Median price
- AED 1 137
- Median per ft²
- 25 702
- Rent contracts
- AED 110,5 k
- Median annual rent
Dubai recorded 3 798 residential sales in May 2017, worth AED 6 Md in total - -3.3% versus the previous month and +17.2% versus a year earlier.
The median sale price was AED 1,4 M, at a median of AED 1 137 per ft² (-1.7% month-on-month, +1.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 25 702 contracts were registered in May 2017, with a median annual rent of AED 110,5 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.