Market reports / December 2011
Dubai property market - December 2011
- 2,631
- Registered sales
- AED 3.9B
- Total value
- AED 1.2M
- Median price
- AED 897
- Median per ft²
- 4,908
- Rent contracts
- AED 57.2K
- Median annual rent
Dubai recorded 2,631 residential sales in December 2011, worth AED 3.9B in total - +53.9% versus the previous month and +80.6% versus a year earlier.
The median sale price was AED 1.2M, at a median of AED 897 per ft² (+6.3% month-on-month, +4.9% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 4,908 contracts were registered in December 2011, with a median annual rent of AED 57.2K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.