Market reports / August 2023
Dubai property market - August 2023
- 10 809
- Registered sales
- AED 25,2 Md
- Total value
- AED 2 M
- Median price
- AED 1 705
- Median per ft²
- 49 242
- Rent contracts
- AED 87 k
- Median annual rent
Dubai recorded 10 809 residential sales in August 2023, worth AED 25,2 Md in total - +15.9% versus the previous month and +34.3% versus a year earlier.
The median sale price was AED 2 M, at a median of AED 1 705 per ft² (+6.6% month-on-month, +20.5% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 49 242 contracts were registered in August 2023, with a median annual rent of AED 87 k.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.