Market reports / May 2022
Dubai property market - May 2022
- 5 616
- Registered sales
- AED 12,9 Md
- Total value
- AED 1,9 M
- Median price
- AED 1 507
- Median per ft²
- 36 180
- Rent contracts
- AED 74,3 k
- Median annual rent
Dubai recorded 5 616 residential sales in May 2022, worth AED 12,9 Md in total - -3.7% versus the previous month and +48.5% versus a year earlier.
The median sale price was AED 1,9 M, at a median of AED 1 507 per ft² (+9.0% month-on-month, +35.7% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 36 180 contracts were registered in May 2022, with a median annual rent of AED 74,3 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.