posted @ 12:00am, Tuesday 21 February 2012.
Real estate figures from the United Arab Emirates (UAE) have seen mixed results, with property values in some areas rising, while others are falling.
According to the REIDIN.com UAE Residential Property Price Indices: January 2012 Results, Dubai has had an increase in real estate values since December 2011.
Findings showed prices for residential property rose by 1.21 per cent in the month, resulting in a boost for property in the UAE.
The report revealed apartment sales prices grew by 0.54 per cent, while villa sales values increased by 1.58 per cent during this period.
However, the figures also showed residential real estate in Abu Dhabi declined in value between December 2011 and January 2012 by 0.59 per cent, as a result of apartment and villa sales prices dropping by 0.98 per cent and 0.04 per cent respectively over the month.
This follows Jones Lang LaSalle’s Top trends for UAE Real Estate in 2012 report, which predicted that while there will be a greater number of property transactions in 2012 compared with last year, there will be more realism among investors, with the focus being directed towards long-term commercial viability.
- November 2015
- >> Dubai/Abu Dhabi Residential Property Price Indices: October 2015 Results
- >> REIDIN Turkish Real Estate Market Overview - November 2015
- >> REIDIN Turkey Real Estate Indices: October 2015 Results
- >> REIDIN Office Rental Index showed a slown down on Istanbul's long run decrease for 2015 Q3
- >> UAE Residential Market Overview - October 2015
- >> The Invisible Hand: The Evolution of Dubai Communities
- October 2015