29 June 2016

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

DATA PERIOD: MAY 2016

Dubai Residential Property Price Indices: Sales Price Indices

The Dubai Residential Property Sales Price Index for all residential increased by 2.5 points, from 257.6 to 260.1, which represents an increase of 0.97% in May 2016. On the other hand, prices decreased 5.3% y-o-y.

Apartment sales prices registered an increase in May 2016. Prices increased 1.05% m-o-m but decreased 5.2 y-o-y.

Villa sales prices registered an increase in May 2016. Prices increased 0.63% m-o-m but decreased 6.0% y-o-y.

Dubai Residential Property Price Indices: Rental Price Indices

Residential property prices in Dubai rental market increased by 0.3 points, from 98.7 to 99.0, which represents an increase of 0.30% in May 2016. On the other hand, prices decreased 3.6% y-o-y.

Apartment rental prices registered an increase in May2016. Prices increased 0.47% m-o-m but decreased 3.0% y-o-y.

Villa rental prices registered a decrease in May 2016. Prices decreased 0.53% m-o-m and also decreased 6.4% y-o-y.

Abu Dhabi Residential Property Price Indices: Sales Price Indices

The Abu Dhabi Residential Property Price Index for all residential decreased by 0.1 points, from 83.0 to 82.9, which represents a decrease of 0.17% in May 2016. On the other hand, prices increased 1.3% y-o-y.

Apartment sales prices registered a decrease in May 2016. Prices decreased 0.31% m-o-m and also decreased 0.7% y-o-y.

Villa sales prices registered an increase in May2016. Prices increased 0.27% m-o-m and also increased 3.2% y-o-y.

Abu Dhabi Residential Property Price Indices: Rental Price Indices

Residential property prices in Abu Dhabi rental market decreased by 0.05 points, from 66.8 to 66.3, which represents a decrease of 0.72% in May 2016. On the other hand, prices decreased 1.5% y-o-y.

Apartment rental prices registered a decrease in May 2016. Prices decreased 0.90% m-o-m and also decreased 2.2% y-o-y.

Villa rental prices registered a decrease in May 2016. Prices decreased 0.15% m-o-m but increased 0.1% y-o-y.

To read the full report click here: http://blog.reidin.com/PublicReports/UAE160630.pdf