Market reports / May 2013
Dubai property market - May 2013
- 5,374
- Registered sales
- AED 9.7B
- Total value
- AED 1.5M
- Median price
- AED 971
- Median per ft²
- 15,607
- Rent contracts
- AED 89.8K
- Median annual rent
Dubai recorded 5,374 residential sales in May 2013, worth AED 9.7B in total - -0.8% versus the previous month and +70.0% versus a year earlier.
The median sale price was AED 1.5M, at a median of AED 971 per ft² (+1.7% month-on-month, +15.2% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 15,607 contracts were registered in May 2013, with a median annual rent of AED 89.8K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.