14 June 2011

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

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Issue: 17
15/06/2011

Dubai Residential Property Price Indices: Sales Price Indices
– A monthly rise in Dubai Residential Property Price Index – All Residential (RPPI – All Residential) with a 0.34% between May 2011 and April 2011.

– Apartment sales prices decreased by 0.21% in May 2011 with respect to April 2011.

– Villa sales prices increased by 0.56% in May 2011 compared to April 2011.

– Apartment sales prices with the size “50sqm and less”, increased by a nominal 0.84%; for “51sqm-100sqm”, decreased by a nominal 0.60%; for “101sqm-150sqm”, decreased by 0.53%; for “151sqm and more”, apartment sales prices decreased by a nominal 0.64% in May 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 0.87% between May 2011 and April 2011.

– Apartment rent prices raised by 0.88% in May 2011 with respect to April 2011.

– Villa rent prices increased by 0.80% in May 2011 compared to April 2011.

– Apartment rent prices with the size “50sqm and less”, decreased by a nominal 1.00%; for “51sqm-100sqm”, increased by a nominal 0.65%; for “101sqm-150sqm”, increased by 1.06%; for “151sqm and more”, apartment sales prices raised by a nominal 0.87% in May 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 0.40% between May 2011 and April 2011.

– Apartment sales prices decreased by 0.90% in May 2011 with respect to April 2011.

– Villa sales prices raised by 0.13% in May 2011 compared to April 2011.

– Apartment sales prices with the size “50sqm and Less”, increased  by a nominal 1.00%; for “51sqm-100sqm”, decreased by a nominal 0.92%; for “101sqm-150sqm”, decreased by 1.00%; for “151sqm and More”, apartment sales prices decreased by a nominal 0.89% in May 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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