17 June 2012

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

June, 2012

Dubai Residential Property Price Indices: Sales Price Indices
– Residential property prices in Dubai housing market performed well in May 2012. The Dubai Residential Property Sales Index for all residential increased by 2.6 points, from 176.8 to 179.4, which represents an increase of 1.42% mom. On the other hand, prices increased 12.69% yoy.

– Apartment sales prices registered an increase in May 2012. Prices increased 0.28% mom and 1.18% yoy.

– Villa sales prices show relatively high nominal growth on a mom basis. Prices increased 1.71% mom and 20.95% yoy.

– Apartment sales prices with the size “50sqm and less”, increased by a nominal 1.45%; for “51sqm-100sqm”, decreased by a nominal 0.42%; for “101sqm-150sqm”, decreased by 0.19%; for “151sqm and more” and decreased by a nominal 0.36% in May 2012.

YoY Change in Dubai RPPIs: Sales Price Indices

Dubai Residential Property Price Indices: Rent Price Indices
– Residential property prices in Dubai rental market increased by 0.62 points, from 74.33 to 74.95, which represents an increase of 0.83% mom. On the other hand, rent prices increase 10.12% yoy.

– Apartment rental prices show an increase on a mom basis. Prices increased 1.48% mom and 8.85% yoy.

– Villa rental prices registered a decrease in May 2012. Prices decreased 0.26% mom but increased 9.67% yoy.

– Apartment rental prices with the size “50sqm and less”, decreased by a nominal 1.91%; for “51sqm-100sqm”, increased by a nominal 1.85%; for “101sqm-150sqm”, increased by 2.05%; for “151sqm and more”, apartment sales prices increased by a nominal 2.11% in May 2012.

YoY Change in Dubai RPPIs: Rent Price Indices

Abu Dhabi Residential Property Price Indices: Sales Price Indices
– The Abu Dhabi Residential Property Price Index for all residential decreased by 0.73 points, from 66.07 to 65.34, which represents a decrease of 1.10% mom. On the other hand, prices decreased 6.48% yoy.

– Apartment sales prices decreased 1.54% in May 2012 compared to April 2012 and decreased 10.91% compared to May 2011.

– Villa sales prices registered a decrease in May 2012. Prices decreased 0.64%  mom and 1.34% yoy.

– Apartment sales prices with the size “50sqm and less”, decreased by a nominal 1.42%; for “51sqm-100sqm”, decreased by a nominal 1.53%; for “101sqm-150sqm”, decreased by 1.32%; for “151sqm and more”, apartment sales prices decreased by a nominal 1.64% in May 2012.

YoY Change in Abu Dhabi RPPIs: Sales Price Indices

Abu Dhabi Residential Property Price Indices: Rent Price Indices
– Residential property prices in Abu Dhabi rental market increased by 0.33 points, from 62.05 to 62.38, which represents a decrease of 0.53% mom. On the other hand, prices decreased  8.61% yoy.

– Apartment rental prices increased 1.72% in May 2012 compared to April 2012 but decreased 2.74% compared to May 2011.

– Villa rental prices registered a decrease in May 2012. Prices decreased 0.45%  mom and 13.28% yoy.

– Apartment rental prices with the size “50sqm and less”, increased by a nominal 0.97%; for “51sqm-100sqm”, increased by a nominal 0.81%; for “101sqm-150sqm”, decreased by 0.64%; for “151sqm and more”, apartment sales prices decreased by a nominal 0.50% in May 2012.

YoY Change in Abu Dhabi RPPIs: Rent Price Indices

Read the full report here