30 March 2016

Dubai/Abu Dhabi Residential Property Price Indices: February 2016 Results

March, 2016

Dubai Residential Property Price Indices: Sales Price Indices

The Dubai Residential Property Sales Price Index for all residential decreased by 4.3 points, from 261.2 to 256.9, which represents a decrease of 1.65% in February 2016. On the other hand, prices decreased 10.0% y-o-y.

Apartment sales prices registered a decrease in February 2016. Prices decreased 1.76% m-o-m and also decreased 9.6% y-o-y.

Villa sales prices registered a decrease in February 2016. Prices decreased 1.23% m-o-m and also decreased 11.5% y-o-y.

Dubai Residential Property Price Indices: Rental Price Indices

Residential property prices in Dubai rental market decreased by 0.9 points, from 99.3 to 98.4, which represents a decrease of 0.93% in February 2016. On the other hand, rental prices decreased 5.5% y-o-y.

Apartment rental prices registered a decrease in February 2016. Prices decreased 1.17% m-o-m and also decreased 5.4% y-o-y.

Villa rental prices registered an increase in February 2016. Prices increased 0.33% m-o-m but decreased 5.7% y-o-y.

Abu Dhabi Residential Property Price Indices: Sales Price Indices

The Abu Dhabi Residential Property Price Index for all residential decreased by 0.3 points, from 84.1 to 83.8, which represents a decrease of 0.29% in February 2016. On the other hand, prices increased 0.6% y-o-y.

Apartment sales prices registered a decrease in February 2016. Prices decreased 0.26% m-o-m and also decreased 1.9% y-o-y.

Villa sales prices registered a decrease in February 2016. Prices decreased 0.35% m-o-m but increased 3.5% y-o-y.



Abu Dhabi Residential Property Price Indices: Rental Price Indices

Residential property prices in Abu Dhabi rental market increased by 1.1 points, from 65.8 to 66.9, which represents an increase of 1.69% in February 2016. On the other hand, prices increased 0.9% y-o-y.

Apartment rental prices registered an increase in February 2016. Prices increased 2.08% m-o-m and also increased 0.7% y-o-y.

Villa rental prices registered an increase in January 2016. Prices increased 1.00% m-o-m and also increased 1.7% y-o-y.



To read the full report click here: http://blog.reidin.com/PublicReports/UAE160331.pdf