29 January 2016

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

January, 2016

Dubai Residential Property Price Indices: Sales Price Indices

The Dubai Residential Property Sales Price Index for all residential decreased by 0.3 points, from 261.3 to 261.0, which represents a decrease of 0.14% in December 2015. On the other hand, prices decreased 11.0% y-o-y.

Apartment sales prices registered a decrease in December 2015. Prices decreased 0.14% m-o-m and also decreased 11.1% y-o-y.

Villa sales prices registered a decrease in December 2015. Prices decreased 0.10% m-o-m and also decreased 10.9% y-o-y.

Dubai Residential Property Price Indices: Rental Price Indices

Residential property prices in Dubai rental market increased by 1.0 points, from 101.9 to 100.9, which represents a decrease of 1.03% in December 2015. On the other hand, rental prices decreased 3.2% y-o-y.

Apartment rental prices registered a decrease in December 2015. Prices decreased 1.10% m-o-m and also decreased 2.9% y-o-y.

Villa rental prices registered a decrease in December 2015. Prices decreased 0.64% m-o-m and also decreased 4.6% y-o-y.

Abu Dhabi Residential Property Price Indices: Sales Price Indices

The Abu Dhabi Residential Property Price Index for all residential increased by 0.3 points, from 83.2 to 83.5, which represents an increase of 0.42% in December 2015. On the other hand, prices decreased 0.8% y-o-y.

Apartment sales prices registered an increase in December 2015. Prices increased 0.20% m-o-m but decreased 3.4% y-o-y.

Villa sales prices registered an increase in December 2015. Prices increased 0.70% m-o-m and also increased 2.4% y-o-y.

Abu Dhabi Residential Property Price Indices: Rental Price Indices

Residential property prices in Abu Dhabi rental market decreased by 0.9 points, from 65.3 to 64.4, which represents a decrease of 1.36% in December 2015. On the other hand, prices decreased 3.8% y-o-y.

Apartment rental prices registered a decrease in December 2015. Prices decreased 1.32% m-o-m and also decreased 3.2% y-o-y.

Villa rental prices registered a decreased in December 2015. Prices decreased 1.48% m-o-m and also decreased 3.6% y-o-y.

To read the full report click here: http://blog.reidin.com/PublicReports/UAE160129.pdf