29 September 2015

Dubai/Abu Dhabi Residential Property Price Indices: August 2015 Results

September, 2015

Dubai Residential Property Price Indices: Sales Price Indices

The Dubai Residential Property Sales Price Index for all residential decreased by 2.0 points, from 267.4 to 265.4, which represents a decrease of 0.75% in August 2015. On the other hand, prices decreased 9.9% y-o-y.

Apartment sales prices registered a decrease in August 2015. Prices decreased 0.55% m-o-m and also decreased 10.4% y-o-y.

Villa sales prices registered a decreased in August 2015. Prices decreased 1.45% m-o-m and also decreased 8.0% y-o-y.

Dubai Residential Property Price Indices: Rental Price Indices

Residential property prices in Dubai rental market increased by 0.8 points, from 101.5 to 102.3, which represents an increase of 0.76% in August 2015. On the other hand, rental prices decreased 1.4% y-o-y.

Apartment rental prices show an increase on a m-o-m basis in August 2015. Prices increased 1.00% m-o-m but decreased 1.1% y-o-y.

Villa rental prices registered a decrease on a m-o-m basis in August 2015. Prices decreased 0.61% m-o-m and also decreased 2.9% y-o-y.

Abu Dhabi Residential Property Price Indices: Sales Price Indices

The Abu Dhabi Residential Property Price Index for all residential decreased by 0.1 points, from 82.5 to 82.4, which represents a decrease of 0.17% in August 2015. On the other hand, prices decreased 3.0% y-o-y.

Apartment sales prices registered a decrease in August 2015. Prices decreased 0.46% m-o-m and also decreased 3.7% y-o-y.

Villa sales prices registered an increase in August 2015. Prices increased 0.14% m-o-m but decreased 2.0% y-o-y.

Abu Dhabi Residential Property Price Indices: Rental Price Indices

Residential property prices in Abu Dhabi rental market decreased by 0.1 points, from 66.1 to 66.0, which represents a decrease of 0.23% in August 2015. On the other hand, prices increased 0.5% y-o-y.

Apartment rental prices registered a decrease in August 2015. Prices decreased 0.22% m-o-m and also decreased 0.8% y-o-y.

Villa rental prices registered a decrease in August 2015. Prices decreased 0.04% m-o-m but increased 2.2% y-o-y.

To read the full report click here: http://blog.reidin.com/PublicReports/UAE0815.pdf