Market reports / June 2016
Dubai property market - June 2016
- 3,103
- Registered sales
- AED 5.8B
- Total value
- AED 1.7M
- Median price
- AED 1,105
- Median per ft²
- 23,648
- Rent contracts
- AED 120.3K
- Median annual rent
Dubai recorded 3,103 residential sales in June 2016, worth AED 5.8B in total - -4.2% versus the previous month and -5.2% versus a year earlier.
The median sale price was AED 1.7M, at a median of AED 1,105 per ft² (-1.7% month-on-month, -3.0% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 23,648 contracts were registered in June 2016, with a median annual rent of AED 120.3K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.