Market reports / October 2016
Dubai property market - October 2016
- 2,894
- Registered sales
- AED 4.5B
- Total value
- AED 1.4M
- Median price
- AED 1,086
- Median per ft²
- 24,718
- Rent contracts
- AED 110.9K
- Median annual rent
Dubai recorded 2,894 residential sales in October 2016, worth AED 4.5B in total - +39.3% versus the previous month and +13.6% versus a year earlier.
The median sale price was AED 1.4M, at a median of AED 1,086 per ft² (-0.2% month-on-month, -3.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 24,718 contracts were registered in October 2016, with a median annual rent of AED 110.9K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.