Market reports / May 2017
Dubai property market - May 2017
- 3,798
- Registered sales
- AED 6B
- Total value
- AED 1.4M
- Median price
- AED 1,137
- Median per ft²
- 25,702
- Rent contracts
- AED 110.5K
- Median annual rent
Dubai recorded 3,798 residential sales in May 2017, worth AED 6B in total - -3.3% versus the previous month and +17.2% versus a year earlier.
The median sale price was AED 1.4M, at a median of AED 1,137 per ft² (-1.7% month-on-month, +1.1% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 25,702 contracts were registered in May 2017, with a median annual rent of AED 110.5K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.