Market reports / May 2009

Dubai property market - May 2009

6,734
Registered sales
AED 86.6亿
Total value
AED 111万
Median price
AED 915
Median per ft²
1
Rent contracts
AED 2.8万
Median annual rent

Dubai recorded 6,734 residential sales in May 2009, worth AED 86.6亿 in total - -19.5% versus the previous month and +362.5% versus a year earlier.

The median sale price was AED 111万, at a median of AED 915 per ft² (-12.1% month-on-month, +49.7% year-on-year). Medians are computed across individual registered transactions - see the methodology.

On the rental side, 1 contracts were registered in May 2009, with a median annual rent of AED 2.8万.

For the community-level picture behind these city-wide figures, start from the market trends page or the community directory.