What is the officially recognized unit of measurement for real estate transactions in Dubai?
In Dubai, the officially recognized unit of measurement for real estate transactions is the square foot (sqft). This unit is widely used across the real estate industry in Dubai for listing, selling, and purchasing properties, whether they are residential or commercial. When you look at property listings, prices are typically quoted in AED per square foot, which gives buyers and investors a clear understanding of the cost relative to the size of the property.
For comparison and analysis, the price per square foot is a crucial metric used by developers, real estate agents, and buyers to evaluate property value and market trends. This measurement standard ensures consistency across the market and allows for easier comparison of properties in different areas of Dubai.
In addition to square feet, you might also encounter measurements in square meters (sqm) in some listings, especially in developments that attract international investors. However, square feet remain the primary and most commonly used unit of measurement in Dubai's real estate market.
This standardized measurement is key in a market as dynamic as Dubai’s, where property values can vary significantly based on location, property type, and other factors.
دائرة الأراضي والأملاك - الصفحة الرئيسية :Real Estate Data
دائرة الأراضي والأملاك - الصفحة الرئيسية :Residential Properties Sales Price Index (RPPI)