Market reports / May 2008
Dubai property market - May 2008
- 1,456
- Registered sales
- AED 3.7B
- Total value
- AED 2M
- Median price
- AED 611
- Median per ft²
- 1
- Rent contracts
- AED 8.3K
- Median annual rent
Dubai recorded 1,456 residential sales in May 2008, worth AED 3.7B in total - -14.9% versus the previous month and +322.0% versus a year earlier.
The median sale price was AED 2M, at a median of AED 611 per ft² (+19.5% month-on-month, +81.0% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 1 contracts were registered in May 2008, with a median annual rent of AED 8.3K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.