Market reports / May 2012
Dubai property market - May 2012
- 3,161
- Registered sales
- AED 4.9B
- Total value
- AED 1.3M
- Median price
- AED 843
- Median per ft²
- 7,928
- Rent contracts
- AED 108.2K
- Median annual rent
Dubai recorded 3,161 residential sales in May 2012, worth AED 4.9B in total - +6.0% versus the previous month and +41.0% versus a year earlier.
The median sale price was AED 1.3M, at a median of AED 843 per ft² (-2.7% month-on-month, -2.4% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 7,928 contracts were registered in May 2012, with a median annual rent of AED 108.2K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.