15 May 2012

Dubai/Abu Dhabi Residential Property Price Indices: April 2012 Results

May, 2012

Dubai Residential Property Price Indices: Sales Price Indices

– Residential property prices in Dubai housing market performed well in April 2012. The Dubai Residential Property Sales Index for all residential increased by 2.6 points, from 174.2 to 176.8, which represents an increase of 1.53% mom. On the other hand, prices increased 11.46% yoy.

– Apartment sales prices with the size “50sqm and less”, decreased by a nominal 1.82%; for “51sqm-100sqm”, decreased by a nominal 0.72%; for “101sqm-150sqm”, increased by 1.88%; for “151sqm and more” and decreased by a nominal 1.63% in April 2012.

– Apartment sales prices registered a decrease in April 2012. Prices decreased 0.51%  mom but increased 0.65% yoy. Villa sales prices show relatively high nominal growth on a mom basis. Prices increased 2.07%  mom and 19.58% yoy.

Dubai Residential Property Price Indices: Sales Price Indices (Jan.2003=100)

Dubai Residential Property Price Indices: Rent Price Indices
– Residential property prices in Dubai rental market increased by 0.04 points, from 74.29 to 74.33, which represents an increase of 0.06% mom. On the other hand, rent prices increase 10.17% yoy.

– Apartment rental prices with the size “50sqm and less”, decreased by a nominal 0.62%; for “51sqm-100sqm”, decreased by a nominal 0.48%; for “101sqm-150sqm”, increased by 2.04%; for “151sqm and more”, apartment sales prices decreased by a nominal 0.72% in April 2012.

– Apartment rental prices show an increase on a mom basis. Prices increased 0.05% mom and 8.18% yoy. Villa rental prices registered an increase in April 2012. Prices increased 0.06% mom and 10.86% yoy.

Dubai Residential Property Price Indices: Rent Price Indices (Jan.2009=100)

Abu Dhabi Residential Property Price Indices: Sales Price Indices
– The Abu Dhabi Residential Property Price Index for all residential decreased by 0.43 points, from 66.50 to 66.07, which represents a decrease of 0.65% mom. On the other hand, prices decreased 5.82% yoy.

– Apartment sales prices with the size “50sqm and less”, decreased by a nominal 1.76%; for “51sqm-100sqm”, decreased by a nominal 1.63%; for “101sqm-150sqm”, decreased by 1.67%; for “151sqm and more”, apartment sales prices decreased by a nominal 1.47% in April 2012.

– Apartment sales prices decreased 1.38% in April 2012 compared to March 2012 and decreased 10.35% compared to April 2011. Villa sales prices registered an increase in April 2012. Prices increased 0.16%  mom but decreased 0.61% yoy.

Abu Dhabi Residential Property Price Indices: Sales Price Indices (Jan.2009=100)

Abu Dhabi Residential Property Price Indices: Rent Price Indices
– Residential property prices in Abu Dhabi rental market decreased by 0.58 points, from 62.63 to 62.05, which represents a decrease of 0.91% mom. On the other hand, prices decreased  9.38% yoy.

– Apartment rental prices with the size “50sqm and less”, increased by a nominal 1.16%; for “51sqm-100sqm”, increased by a nominal 1.44%; for “101sqm-150sqm”, decreased by 2.04%; for “151sqm and more”, apartment sales prices decreased by a nominal 1.95% in April 2012.

– Apartment rental prices decreased 1.03% in April 2012 compared to March 2012 and decreased 5.07% compared to April 2011. Villa rental prices registered a decrease in April 2012. Prices decreased 0.51%  mom and 12.48% yoy.

YoY Change in Abu Dhabi RPPIs: Rent Price Indices

Read the full report here