Market reports / October 2011
Dubai property market - October 2011
- 2,382
- Registered sales
- AED 3.5B
- Total value
- AED 1.2M
- Median price
- AED 777
- Median per ft²
- 5,356
- Rent contracts
- AED 163.5K
- Median annual rent
Dubai recorded 2,382 residential sales in October 2011, worth AED 3.5B in total - +36.9% versus the previous month and +13.3% versus a year earlier.
The median sale price was AED 1.2M, at a median of AED 777 per ft² (-12.8% month-on-month, -8.6% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 5,356 contracts were registered in October 2011, with a median annual rent of AED 163.5K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.