16 October 2012
Dubai/Abu Dhabi Residential Property Price Indices: September 2012 Results
October, 2012
Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed well in September 2012. The Dubai Residential Property Sales Index for all residential increased by 2.8 points, from 185.5 to 188.3, which represents an increase of 1.53% mom. On the other hand, prices increased 15.38% yoy.
Apartment sales prices registered an increase in September 2012. Prices increased 1.32% mom and 5.71% yoy.
Villa sales prices show relatively high nominal growth on a mom basis in September 2012. Prices increased 1.93% mom and 22.93% yoy.
Apartment sales prices with the size “50sqm and less”, increased by a nominal 1.57%; for “51sqm-100sqm”, increased by a nominal 1.92%; for “101sqm-150sqm”, increased by 2.08%; for “151sqm and more” and increased by a nominal 1.93% in September 2012.
Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 0.29 points, from 75.10 to 75.39, which represents an increase of 0.39% mom in September 2012. On the other hand, rental prices increase 5.59% yoy.
Apartment rental prices show a decrease on a mom basis in September 2012. Prices decreased 0.09% mom but increased 3.53% yoy.
Villa rental prices registered an increase in September 2012. Prices increased 0.54% mom and 5.37% yoy.
Apartment rental prices with the size “50sqm and less”, increased by a nominal 2.05%; for “51sqm-100sqm”, increased by a nominal 1.70%; for “101sqm-150sqm”, decreased by 1.95%; for “151sqm and more”, apartment sales prices decreased by a nominal 1.99% in September 2012.
Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential decreased by 0.29 points, from 63.61 to 63.32, which represents a decrease of 0.46% mom in September 2012. On the other hand, prices decreased 7.86% yoy.
Apartment sales prices decreased 0.76% in September 2012 compared to August 2012 and decreased 12.60% compared to September 2011.
Villa sales prices registered a decrease in September 2012. Prices decreased 0.15% mom and 2.49% yoy.
Apartment sales prices with the size “50sqm and less”, decreased by a nominal 2.00%; for “51sqm-100sqm”, decreased by a nominal 2.00%; for “101sqm-150sqm”, decreased by 0.15%; for “151sqm and more”, apartment sales prices decreased by a nominal 0.22% in September 2012.
Abu Dhabi Residential Property Price Indices: Rental Price Indices
Residential property prices in Abu Dhabi rental market decreased by 0.03 points, from 60.85 to 60.82, which represents a decrease of 0.04% mom in September 2012. On the other hand, prices decreased 7.27% yoy.
Apartment rental prices increased 0.58% in September 2012 compared to August 2012 and decreased 1.30% compared to September 2011.
Villa rental prices registered a decrease in September 2012. Prices decreased 0.61% mom and 11.09% yoy.
Apartment rental prices with the size “50sqm and less”, increased by a nominal 0.73%; for “51sqm-100sqm”, increased by a nominal 0.61%; for “101sqm-150sqm”, increased by 0.82%; for “151sqm and more”, apartment sales prices increased by a nominal 0.93% in September 2012.
