28 November 2013

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

November, 2013

Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed well in October 2013. The Dubai Residential Property Sales Index for all residential increased by 7.1 points, from 232.4 to 239.5, which represents an increase of 3.05% mom. On the other hand, prices increased 21.3% yoy.

Apartment sales prices registered an increase in October 2013. Prices increased 3.16% mom and 23.1% yoy.

Villa sales prices registered an increase on a mom basis in October 2013. Prices increased 2.62% mom and 15.1% yoy.

Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 1.90 points, from 87.20 to 89.10, which represents an increase of 2.22% mom in October 2013. On the other hand, rental prices increase 16.4% yoy.

Apartment rental prices show an increase on a mom basis in October 2013. Prices increased 2.36% mom and 17.3% yoy.

Villa rental prices registered an increase in October 2013. Prices increased 1.56% mom and 13.1% yoy.

Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential increased by 1.40 points, from 73.60 to 75.00, which represents an increase of 1.92% mom in October 2013. On the other hand, prices increased 18.20% yoy.

Apartment sales prices registered an increase in October 2013. Prices increased 1.61% mom and 20.0% yoy.

Villa sales prices registered an increase in October 2013. Prices increased 2.04% mom but increased 14.70% yoy.

Abu Dhabi Residential Property Price Indices: Rental Price Indices
Residential property prices in Abu Dhabi rental market decreased by 0.10 points, from 62.20 to 62.10, which represents a decrease of  0.18% mom in October 2013. On the other hand, prices increased  2.60% yoy.

Apartment rental prices increased 1.46% in October 2013 compared to September 2013 and increased 7.70% compared to October 2012.

Villa rental prices decreased 0.62% in October 2013 compared to September 2013 but also increased 3.10% compared to October 2012.

Read the full report here