Market reports / February 2011
Dubai property market - February 2011
- 2,739
- Registered sales
- AED 4.7B
- Total value
- AED 1.2M
- Median price
- AED 873
- Median per ft²
- 1,504
- Rent contracts
- AED 104.9K
- Median annual rent
Dubai recorded 2,739 residential sales in February 2011, worth AED 4.7B in total - +6.2% versus the previous month and -14.5% versus a year earlier.
The median sale price was AED 1.2M, at a median of AED 873 per ft² (-1.8% month-on-month, -0.2% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 1,504 contracts were registered in February 2011, with a median annual rent of AED 104.9K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.