What: monthly citywide residential median AED per square foot, a 5-month centred average, an index rebased to 100 at January 2008, and monthly sales counts. 1,080,194 transactions across 223 months. A matching series for registered leases runs from May 2010.
Source: Dubai Land Department transaction and lease records, which are public.
Repo, with both series, method and licence: https://github.com/dataHabibi/dubai-price-index
Columns:
- month
- sales_count
- median_aed_per_sqft
- ma5_aed_per_sqft
- index_base100
- provisional
Two things to know before you use it.
The provisional column marks the last two months, where the centred average still has fewer than two later months to work with. Their raw median and sales count are fine, it is the smoothed value and the index that will keep moving.
Sales counts for recent months are understated. Registrations land one to two months after the deal closes, so the tail of that column is still filling in. Do not read the recent drop as a fall in demand.
What it is not: a repeat sales or hedonic index. It is a median, so it is not quality adjusted. Shifts in what sells, off plan against ready, apartment against villa, which communities are active, move this line without any individual property changing price. Treat it as a market thermometer.
CC BY 4.0. Refreshed monthly by a scheduled job, so the committed files track the live series.
submitted by /u/datahabibi
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