Market reports / May 2015
Dubai property market - May 2015
- 3,079
- Registered sales
- AED 6.3B
- Total value
- AED 1.8M
- Median price
- AED 1,140
- Median per ft²
- 22,605
- Rent contracts
- AED 85.5K
- Median annual rent
Dubai recorded 3,079 residential sales in May 2015, worth AED 6.3B in total - +21.7% versus the previous month and -24.4% versus a year earlier.
The median sale price was AED 1.8M, at a median of AED 1,140 per ft² (-4.3% month-on-month, -7.3% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 22,605 contracts were registered in May 2015, with a median annual rent of AED 85.5K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.