Market reports / December 2023
Dubai property market - December 2023
- 10,046
- Registered sales
- AED 23.4B
- Total value
- AED 1.9M
- Median price
- AED 1,705
- Median per ft²
- 49,784
- Rent contracts
- AED 88.9K
- Median annual rent
Dubai recorded 10,046 residential sales in December 2023, worth AED 23.4B in total - -1.4% versus the previous month and +26.4% versus a year earlier.
The median sale price was AED 1.9M, at a median of AED 1,705 per ft² (+4.8% month-on-month, +9.2% year-on-year). Medians are computed across individual registered transactions - see the methodology.
On the rental side, 49,784 contracts were registered in December 2023, 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.