Market reports / December 2010

Dubai property market - December 2010

1,457
Registered sales
AED 2.5B
Total value
AED 1.5M
Median price
AED 855
Median per ft²
1,096
Rent contracts
AED 64.8K
Median annual rent

Dubai recorded 1,457 residential sales in December 2010, worth AED 2.5B in total - -3.0% versus the previous month and -50.8% versus a year earlier.

The median sale price was AED 1.5M, at a median of AED 855 per ft² (-11.0% month-on-month, -8.5% year-on-year). Medians are computed across individual registered transactions - see the methodology.

On the rental side, 1,096 contracts were registered in December 2010, with a median annual rent of AED 64.8K.

For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.