Market reports / May 2010
Dubai property market - May 2010
- 2,873
- Registered sales
- AED 4.3B
- Total value
- AED 1.3M
- Median price
- AED 858
- Median per ft²
- 466
- Rent contracts
- AED 59.8K
- Median annual rent
Dubai recorded 2,873 residential sales in May 2010, worth AED 4.3B in total - +1.6% versus the previous month and -57.3% versus a year earlier.
The median sale price was AED 1.3M, at a median of AED 858 per ft² (+2.5% month-on-month, -6.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 466 contracts were registered in May 2010, with a median annual rent of AED 59.8K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.