29 June 2014

Dubai/Abu Dhabi Residential Property Price Indices: May 2014 Results

June, 2014

Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed still well in May 2014. The Dubai Residential Property Sales Price Index for all residential increased by 4.8 points, from 286.5 to 291.3, which represents an increase of 1.65% in May 2014. On the other hand, prices increased 37.1% y-o-y.

Apartment sales prices registered an increase in May 2014. Prices increased 2.16% m-o-m and 41.8% y-o-y.

Villa sales prices registered a decrease on a m-o-m basis in May 2014. Prices decreased 0.51% m-o-m but increased 20.1% y-o-y.

Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 1.5 points, from 100.2 to 101.7, which represents an increase of 1.53% in May 2014. On the other hand, rental prices increase 25.9% y-o-y.

Apartment rental prices show an increase on a m-o-m basis in May 2014. Prices increased 1.76% m-o-m and 29.2% y-o-y.

Villa rental prices registered an increase in May 2014. Prices increased 0.37% m-o-m and 11.2% y-o-y.

Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential increased by 0.8 points, from 82.9 to 83.7, which represents an increase of 0.97% in May 2014. On the other hand, prices increased 20.6% y-o-y.

Apartment sales prices registered an increase in May 2014. Prices increased 0.58% m-o-m and 21.7% y-o-y.

Villa sales prices registered an increase in May 2014. Prices increased 1.36% m-o-m and 15.5% 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 64.1 to 64.0, which represents a decrease of 0.11% in May 2014. On the other hand, prices increased 2.9% y-o-y.

Apartment rental prices decreased 0.41% in May 2014 compared to April 2014 and decreased 0.2% compared to May 2013.

Villa rental prices increased 0.18% in May 2014 compared to April 2014 and increased 6.0% compared to May 2013.

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