Market reports / July 2023
Dubai property market - July 2023
- 9,325
- Registered sales
- AED 21.7B
- Total value
- AED 1.9M
- Median price
- AED 1,600
- Median per ft²
- 46,331
- Rent contracts
- AED 163.2K
- Median annual rent
Dubai recorded 9,325 residential sales in July 2023, worth AED 21.7B in total - -3.0% versus the previous month and +50.2% versus a year earlier.
The median sale price was AED 1.9M, at a median of AED 1,600 per ft² (-4.8% month-on-month, +9.8% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 46,331 contracts were registered in July 2023, with a median annual rent of AED 163.2K.
For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.