Market reports / December 2014
Dubai property market - December 2014
- 4,826
- Registered sales
- AED 8.8B
- Total value
- AED 1.6M
- Median price
- AED 1,197
- Median per ft²
- 20,505
- Rent contracts
- AED 87.7K
- Median annual rent
Dubai recorded 4,826 residential sales in December 2014, worth AED 8.8B in total - +14.7% versus the previous month and -36.0% versus a year earlier.
The median sale price was AED 1.6M, at a median of AED 1,197 per ft² (+0.2% month-on-month, +5.7% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 20,505 contracts were registered in December 2014, with a median annual rent of AED 87.7K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.