Market reports / January 2012
Dubai property market - January 2012
- 2,438
- Registered sales
- AED 3.6B
- Total value
- AED 1.2M
- Median price
- AED 863
- Median per ft²
- 13,328
- Rent contracts
- AED 64.6K
- Median annual rent
Dubai recorded 2,438 residential sales in January 2012, worth AED 3.6B in total - -7.3% versus the previous month and -5.4% versus a year earlier.
The median sale price was AED 1.2M, at a median of AED 863 per ft² (-3.8% month-on-month, -3.0% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 13,328 contracts were registered in January 2012, with a median annual rent of AED 64.6K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.