12 July 2012

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

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Residential property prices in Dubai housing market performed well in June 2012. The Dubai Residential Property Sales Index for all residential increased by 1.8 points, from 179.4 to 181.2, which represents an increase of 1.04% mom. On the other hand, prices increased 12.87% yoy.

Apartment sales prices registered an increase in June 2012. Prices increased 0.32% mom and 1.76% yoy.

Villa sales prices show relatively high nominal growth on a mom basis. Prices increased 1.64% mom and 21.31% yoy.

Apartment sales prices with the size “50sqm and less”, increased by a nominal 0.38%; for “51sqm-100sqm”, increased by a nominal 1.84%; for “101sqm-150sqm”, decreased by 1.62%; for “151sqm and more” and increased by a nominal 2.08% in June 2012.

Residential property prices in Dubai rental market decreased by 0.24 points, from 74.95 to 74.71, which represents a decrease of 0.32% mom. On the other hand, rental prices increase 8.34% yoy.

Apartment rental prices show a decrease on a mom basis. Prices decreased 0.44% mom but increased 8.62% yoy.

Villa rental prices registered a decrease in June 2012. Prices decreased 0.17% mom but increased 8.23% yoy.

Apartment rental prices with the size “50sqm and less”, decreased by a nominal 1.53%; for “51sqm-100sqm”, decreased by a nominal 1.82%; for “101sqm-150sqm”, increased by 0.28%; for “151sqm and more”, apartment sales prices increased by a nominal 1.94% in June 2012.

The Abu Dhabi Residential Property Price Index for all residential decreased by 0.67 points, from 65.34 to 64.67, which represents a decrease of 1.03% mom. On the other hand, prices decreased 7.23% yoy.

Apartment sales prices decreased 1.67% in June 2012 compared to May 2012 and decreased 11.67% compared to June 2011.

Villa sales prices registered a decrease in June 2012. Prices decreased 0.36%  mom and 2.14% yoy.

Apartment sales prices with the size “50sqm and less”, decreased by a nominal 0.88%; for “51sqm-100sqm”, decreased by a nominal 0.99%; for “101sqm-150sqm”, decreased by 1.69%; for “151sqm and more”, apartment sales prices decreased by a nominal 2.00% in June 2012.

Residential property prices in Abu Dhabi rental market decreased by 0.63 points, from 62.38 to 61.75, which represents a decrease of 1.02% mom. On the other hand, prices decreased  9.31% yoy.

Apartment rental prices decreased 1.39% in June 2012 compared to May 2012 and decreased 3.45% compared to June 2011.

Villa rental prices registered a decrease in June 2012. Prices decreased 0.44%  mom and 13.98% yoy.

Apartment rental prices with the size “50sqm and less”, increased by a nominal 0.41%; for “51sqm-100sqm”, decreased by a nominal 0.47%; for “101sqm-150sqm”, decreased by 1.54%; for “151sqm and more”, apartment sales prices decreased by a nominal 2.05% in June 2012.

Read the full report here

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