Market reports / February 2023
Dubai property market - February 2023
- 8,308
- Registered sales
- AED 18.3B
- Total value
- AED 1.8M
- Median price
- AED 1,482
- Median per ft²
- 46,064
- Rent contracts
- AED 77.5K
- Median annual rent
Dubai recorded 8,308 residential sales in February 2023, worth AED 18.3B in total - -2.4% versus the previous month and +61.2% versus a year earlier.
The median sale price was AED 1.8M, at a median of AED 1,482 per ft² (-9.1% month-on-month, +11.8% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 46,064 contracts were registered in February 2023, with a median annual rent of AED 77.5K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.