14 April 2011

Dubai/Abu Dhabi Residential Property Price Indices: March 2011 Results

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Issue: 15
15/04/2011

Dubai Residential Property Price Indices: Sales Price Indices

– A monthly rise in Dubai Residential Property Price Index – All Residential (RPPI – All Residential) with a 0.30% between March 2011 and February 2011.

– Apartment sales prices decreased by 0.07% in March 2011 with respect to February 2011.

– Villa sales prices increased by 0.51% in March 2011 compared to February 2011.

– Apartment sales prices with the size “50sqm and Less”, decreased by a nominal 0.25%; for “51sqm-100sqm”, decreased by a nominal 0.47%; for “101sqm-150sqm”, rised by 0.69%; for “151sqm and More”, apartment sales prices decreased by a nominal 1.00% in March 2011.

% Change in Dubai RPPIs: Sales Price Indices

% Change in Dubai RPPIs-Apartment Size Range:  Sales Price Indices

Dubai RPPIs: Sales Price Indices

Dubai RPPIs-Apartment Size Range: Sales Price Indices

Dubai Residential Property Price Indices: Rent Price Indices

-A monthly rise in Dubai Residential Property Price Index – All Residential (RPPI – All Residential) with a 1.00% between March 2011 and February 2011.

-Apartment rent prices increased by 1.00% in March 2011 with respect to February 2011.

-Villa rent prices rised by 1.00% in March 2011 compared to February 2011.

-Apartment rent prices with the size “50sqm and Less”, decreased by a nominal 0.60%; for “51sqm-100sqm”, increased by a nominal 1.00%; for “101sqm-150sqm”, increased by 1.00%; for “151sqm and More”, apartment rent prices increased by a nominal 1.00% in March 2011.

% Change in Dubai RPPIs: Rent Price Indices

% Change in Dubai RPPIs-Apartment Size Range: Rent Price Indices

Dubai RPPIs: Rent Price Indices


Dubai RPPIs-Apartment Size Range: Rent Price Indices

Abu Dhabi Residential Property Price Indices: Sales Price Indices

-A monthly decrease in Abu Dhabi Residential Property Price Index – All Residential     (RPPI – All Residential) with a 0.06% between March 2011 and February 2011.

-Apartment sales prices decreased by 0.30% in March 2011 with respect to February 2011.

-Villa sales prices decreased by 0.02% in March 2011 compared to February 2011.

-Apartment sales prices with the size “50sqm and Less”, decreased  by a nominal 0.40%; for “51sqm-100sqm”, rised by a nominal 0.73%; for “101sqm-150sqm”, decreased by 0.92%; for “151sqm and More”, apartment sales prices decreased by a nominal 1.00% in March 2011.

% Change in Abu Dhabi RPPIs: Sales Price Indices

% Change in Abu Dhabi RPPI-Apartment Size Range: Sales Price Indices

Abu Dhabi RPPIs: Sales Price Indices


Abu Dhabi RPPIs-Apartment Size Range: Sales Price Indices

REIDIN.com UAE Residential Property Price Indices

REIDIN.com UAE Residential Property Price Indices (RPPIs) are designed to be a reliable and consistent benchmark of housing sales and rent prices in Dubai and Abu Dhabi. The purpose of the indices is to measure the average differences in house prices in a particular geographic market through a timeline.
Methodology
Dubai sales/ rent index series are calculated monthly, and cover 7 city-wide, 8 main districts and 4 major communities/ projects. Abu Dhabi sales index series are calculated monthly, and cover 7 city-wide and 4 main districts.
The REIDIN.com UAE RPPIs employ arithmetic average of the median prices of districts for constructing index series (the unit method). All indices are also calculated by using a moving average algorithm. The REIDIN.com UAE RPPIs are calculated by using the Dutot price index formula.
Coverage
REIDIN.com UAE RPPIs use monthly sample of offered/asked listing price data and land registry price data (transaction data).

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