19 September 2011
Dubai/Abu Dhabi Residential Property Price Indices: August 2011 Results
September, 2011
Dubai Residential Property Price Indices: Sales Price Indices
– A monthly rise in Dubai Residential Property Price Index – All Residential (RPPI – All Residential) with a 0.50% between August 2011 and July 2011.
– Apartment sales prices decreased by 0.30% in August 2011 with respect to July 2011.
– Villa sales prices increased by 1.34% in August 2011 compared to July 2011.
– Apartment sales prices with the size “50sqm and less”, increased by a nominal 1.38%; for “51sqm-100sqm”, decreased by a nominal 0.47%; for “101sqm-150sqm”, decreased by 1.11%; for “151sqm and more”, apartment sales prices decreased by a nominal 1.26% in August 2011.
% Change in Dubai RPPIs: Sales Price Indices
% Change in Dubai RPPIs-Apartment Size Range: Sales Price Indices
Dubai RPPIs: Sales Price Indices
Dubai RPPIs-Apartment Size Range: Sales Price Indices
Dubai Residential Property Price Indices: Rent Price Indices
– A monthly rise in Dubai Residential Property Price Index – All Residential (RPPI – All Residential) with a 1.06% between August 2011 and July 2011.
– Apartment rent prices raised by 0.88% in August 2011 with respect to July 2011.
– Villa rent prices increased by 1.25% in August 2011 compared to July 2011.
– Apartment rent prices with the size “50sqm and less”, decreased by a nominal 0.40%; for “51sqm-100sqm”, increased by a nominal 1.29%; for “101sqm-150sqm”, increased by 1.49%; for “151sqm and more”, apartment sales prices raised by a nominal 0.88% in August 2011.
% Change in Dubai RPPIs-Apartment Size Range: Rent Price Indices
Dubai RPPIs: Rent Price Indices
Dubai RPPIs-Apartment Size Range: Rent Price Indices
Abu Dhabi Residential Property Price Indices: Sales Price Indices
– A monthly decrease in Abu Dhabi Residential Property Price Index – All Residential (RPPI – All Residential) with a 0.43% between August 2011 and July 2011.
– Apartment sales prices decreased by 0.67% in August 2011 with respect to July 2011.
– Villa sales prices decreased by 0.14% in August 2011 compared to July 2011.
– Apartment sales prices with the size “50sqm and less”, decreased by a nominal 0.89%; for “51sqm-100sqm”, decreased by a nominal 0.35%; for “101sqm-150sqm”, decreased by 0.61%; for “151sqm and more”, apartment sales prices decreased by a nominal 0.92% in August 2011.
% Change in Abu Dhabi RPPIs: Sales Price Indices
% Change in Abu Dhabi RPPI-Apartment Size Range: Sales Price Indices
Abu Dhabi RPPIs: Sales Price Indices
Abu Dhabi RPPIs-Apartment Size Range: Sales Price Indices
REIDIN.com UAE Residential Property Price Indices
REIDIN.com UAE Residential Property Price Indices (RPPIs) are designed to be a reliable and consistent benchmark of housing sales and rent prices in Dubai and Abu Dhabi. The purpose of the indices is to measure the average differences in house prices in a particular geographic market through a timeline.
Methodology
Dubai sales/ rent index series are calculated monthly, and cover 7 city-wide, 8 main districts and 4 major communities/ projects. Abu Dhabi sales index series are calculated monthly, and cover 7 city-wide and 4 main districts.
The REIDIN.com UAE RPPIs employ arithmetic average of the median prices of districts for constructing index series (the unit method). All indices are also calculated by using a moving average algorithm. The REIDIN.com UAE RPPIs are calculated by using the Dutot price index formula.
Coverage
REIDIN.com UAE RPPIs use monthly sample of offered/asked listing price data and land registry price data (transaction data).
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