28 July 2013

Dubai/Abu Dhabi Residential Property Price Indices: June 2013 Results

July, 2013

Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed well in June 2013. The Dubai Residential Property Sales Index for all residential increased by 4.1 points, from 212.5 to 216.6, which represents an increase of 1.94% mom. On the other hand, prices increased 16.3% yoy.

Apartment sales prices registered an increase in June 2013. Prices increased 2.60% mom and 18.31% yoy.

Villa sales prices registered a decrease on a mom basis in June 2013. Prices decreased 0.47% mom but increased  9.86% yoy.

Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 1.60 points, from 80.80 to 82.40, which represents an increase of 2.00% mom in June 2013. On the other hand, rental prices increase 13.3% yoy.

Apartment rental prices show an increase on a mom basis in June 2013. Prices increased 2.28% mom and 12.96% yoy.

Villa rental prices registered an increase in June 2013. Prices increased 0.79% mom and 14.46% yoy.


Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential increased by 1.00 points, from 69.40 to 70.40, which represents an increase of 1.49% mom in June 2013. On the other hand, prices increased 8.9% yoy.

Apartment sales prices registered an increase in June 2013 . Prices increased 2.02%  mom and 9.10% yoy.

Villa sales prices registered an increase in June 2013 . Prices increased 0.95%  mom and 8.70% yoy.

Abu Dhabi Residential Property Price Indices: Rental Price Indices
Residential property prices in Abu Dhabi rental market decreased by 0.70 points, from 62.20 to 61.50, which represents a decrease of  1.09% mom in June 2013. On the other hand, prices decreased  0.40% yoy.

Apartment rental prices decreased 1.43% in June 2013 compared to May 2013 but also increased 3.85% compared to June 2012.

Villa rental prices increased 0.79% in June 2013 compared to May 2013 but decreased 0.71% compared to June 2012.

Read the full report here