Scholars have said that seeing the Angel Michael (PBUH) in a dream indicates attaining one's desires in this world and the hereafter for the pious; if not pious, one should be cautious. Seeing him in a town or village may indicate rainfall and lower prices. If he speaks to the dreamer or gives them something, it signifies receiving blessings and joy, as he is the angel of mercy.
Per Ibn Sirin's Muntakhab al-Kalam fi Tafsir al-Ahlam
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