28 April 2016

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

April, 2016

Dubai Residential Property Price Indices: Sales Price Indices

The Dubai Residential Property Sales Price Index for all residential increased by 2.1 points, from 256.9 to 259.0, which represents an increase of 0.82% in March 2016. On the other hand, prices decreased 8.0% y-o-y.

Apartment sales prices registered an increase in March 2016. Prices increased 0.74% m-o-m but decreased 7.4% y-o-y.

Villa sales prices registered an increase in March 2016. Prices increased 1.17% m-o-m but decreased 10.3% y-o-y.

Dubai Residential Property Price Indices: Rental Price Indices

Residential property prices in Dubai rental market increased by points, from 98.4 to 98.7, which represents an increase of 0.32% in March 2016. On the other hand, prices decreased 4.9% y-o-y.

Apartment rental prices registered an increase in March 2016. Prices increased 0.52% m-o-m but decreased 4.7% y-o-y.

Villa rental prices registered a decrease in March 2016. Prices decreased 0.73% m-o-m and also decreased 6.1% y-o-y.

Abu Dhabi Residential Property Price Indices: Sales Price Indices

The Abu Dhabi Residential Property Price Index for all residential decreased by 0.2 points, from 83.8 to 83.6, which represents a decrease of 0.23% in March 2016. On the other hand, prices increased 0.9% y-o-y.

Apartment sales prices registered an increase in March 2016. Prices increased 0.05% m-o-m but decreased 1.3% y-o-y.

Villa sales prices registered a decrease in March 2016. Prices decreased 1.05% m-o-m but increased 2.9% y-o-y.

Abu Dhabi Residential Property Price Indices: Rental Price Indices

Residential property prices in Abu Dhabi rental market decreased by 0.1 points, from 66.9 to 66.8, which represents a decrease of 0.10% in March 2016. On the other hand, prices increased 1.6% y-o-y.

Apartment rental prices registered a decrease in March 2016. Prices decreased 0.13% m-o-m but increased 1.1% y-o-y.

Villa rental prices registered a decrease in March 2016. Prices decreased 0.06% m-o-m but increased 2.7% y-o-y.

To read the full report click here: http://blog.reidin.com/PublicReports/UAE160429_1.pdf