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

May, 2016

Dubai Residential Property Price Indices: Sales Price Indices

The Dubai Residential Property Sales Price Index for all residential decreased by 1.4 points, from 259.0 to 257.6, which represents a decrease of 0.53% in April 2016. On the other hand, prices decreased 7.5% y-o-y.

Apartment sales prices registered a decrease in April 2016. Prices decreased 0.75% m-o-m and also decreased 7.3% y-o-y.

Villa sales prices registered an increase in April 2016. Prices increased 0.40% m-o-m but decreased 8.2% y-o-y.

Residential property prices in Dubai rental market increased by 0.05 points, from 98.69 to 98.74, which represents an increase of 0.05% in April 2016. On the other hand, prices decreased 4.2% y-o-y.

Apartment rental prices registered an increase in April 2016. Prices increased 0.14% m-o-m but decreased 3.9% y-o-y.

Villa rental prices registered a decrease in April 2016. Prices decreased 0.46% m-o-m and also decreased 6.3% y-o-y.

The Abu Dhabi Residential Property Price Index for all residential decreased by 0.6 points, from 83.6 to 83.0, which represents a decrease of 0.71% in April 2016. On the other hand, prices increased 1.3% y-o-y.

Apartment sales prices registered a decrease in April 2016. Prices decreased 0.58% m-o-m and also decreased 0.8% y-o-y.

Villa sales prices registered a decrease in April 2016. Prices decreased 1.13% m-o-m but increased 3.0% y-o-y.

Abu Dhabi Residential Property Price Indices: Rental Price Indices

Residential property prices in Abu Dhabi rental market decreased by 0.08 points, from 66.84 to 66.76, which represents a decrease of 0.12% in April 2016. On the other hand, prices decreased 0.4% y-o-y.

Apartment rental prices registered a decrease in April 2016. Prices decreased 0.13% m-o-m and also decreased 1.2% y-o-y.

Villa rental prices registered a decrease in April 2016. Prices decreased 0.04% m-o-m but increased 1.0% y-o-y.

To read the full report click here: http://blog.reidin.com/PublicReports/UAE160531.pdf