25 June 2013

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

June, 2013

Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed well in May 2013. The Dubai Residential Property Sales Index for all residential increased by 4.2 points, from 208.3 to 212.5, which represents an increase of 2.01% mom. On the other hand, prices increased 16.1% yoy.

Apartment sales prices registered an increase in May 2013. Prices increased 2.13% mom and 17.3% yoy.

Villa sales prices show relatively high nominal growth on a mom basis in May 2013. Prices increased 1.56% mom and 12.2% yoy.

Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 1.43 points, from 79.37 to 80.80, which represents an increase of 1.80% mom in May 2013. On the other hand, rental prices increase 11.9% yoy.

Apartment rental prices show an increase on a mom basis in May 2013. Prices increased 2.02% mom and 11.6% yoy.

Villa rental prices registered an increase in May 2013. Prices increased 0.85% mom and 13.4% yoy.

Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential increased by 0.88 points, from 68.52 to 69.40, which represents an increase of 1.28% mom in May 2013. On the other hand, prices increased 6.2% yoy.

Apartment sales prices registered an increase in May 2013 . Prices increased 2.04%  mom and 5.21% yoy.

Villa sales prices registered an increase in May 2013 . Prices increased 0.53%  mom and 7.27% yoy.

Abu Dhabi Residential Property Price Indices: Rental Price Indices
Residential property prices in Abu Dhabi rental market increased by 0.22 points, from 61.98 to 62.20, which represents an increase of  0.35% mom in May 2013. On the other hand, prices decreased  0.29% yoy.

Apartment rental prices increased 0.35% in May 2013 compared to April 2013 and also increased 3.97% compared to May 2012.

Villa rental prices increased 0.49% in May 2013 compared to April 2013 but decreased 1.80% compared to May 2012.

Read the full report here