Market reports / December 2016
Dubai property market - December 2016
- 2,760
- Registered sales
- AED 4.8B
- Total value
- AED 1.4M
- Median price
- AED 1,128
- Median per ft²
- 22,899
- Rent contracts
- AED 88.9K
- Median annual rent
Dubai recorded 2,760 residential sales in December 2016, worth AED 4.8B in total - -8.3% versus the previous month and -30.7% versus a year earlier.
The median sale price was AED 1.4M, at a median of AED 1,128 per ft² (+5.6% month-on-month, +3.0% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 22,899 contracts were registered in December 2016, with a median annual rent of AED 88.9K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.