Market reports / August 2012
Dubai property market - August 2012
- 1,850
- Registered sales
- AED 3B
- Total value
- AED 1.4M
- Median price
- AED 826
- Median per ft²
- 9,409
- Rent contracts
- AED 66.3K
- Median annual rent
Dubai recorded 1,850 residential sales in August 2012, worth AED 3B in total - -34.8% versus the previous month and -0.9% versus a year earlier.
The median sale price was AED 1.4M, at a median of AED 826 per ft² (-95.0% month-on-month, -2.6% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 9,409 contracts were registered in August 2012, with a median annual rent of AED 66.3K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.