Dubai/Abu Dhabi Residential Property Price Indices: July 2011 Results

posted @ 12:00am, Monday 8 August 2011.


Issue: 19
15/08/2011

Dubai Residential Property Price Indices: Sales Price Indices
- A monthly rise in Dubai Residential Property Price Index - All Residential (RPPI – All Residential) with a 0.53% between July 2011 and June 2011.

- Apartment sales prices decreased by 0.07% in July 2011 with respect to June 2011.

- Villa sales prices increased by 1.04% in July 2011 compared to June 2011.

- Apartment sales prices with the size “50sqm and less”, increased by a nominal 0.05%; for “51sqm-100sqm”, increased by a nominal 0.11%; for “101sqm-150sqm”, decreased by 0.60%; for “151sqm and more”, apartment sales prices increased by a nominal 0.12% in July 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 0.95% between July 2011 and June 2011.

- Apartment rent prices raised by 0.54% in July 2011 with respect to June 2011.

- Villa rent prices increased by 1.39% in July 2011 compared to June 2011.

- Apartment rent prices with the size “50sqm and less”, decreased by a nominal 0.25%; for “51sqm-100sqm”, increased by a nominal 0.83%; for “101sqm-150sqm”, increased by 0.76%; for “151sqm and more”, apartment sales prices raised by a nominal 0.88% in July 2011.


% Change in Dubai RPPIs: Rent Price Indices



% 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 0.51% between July 2011 and June 2011.

- Apartment sales prices decreased by 0.90% in July 2011 with respect to June 2011.

- Villa sales prices decreased by 0.23% in July 2011 compared to June 2011.

- Apartment sales prices with the size “50sqm and Less”, decreased  by a nominal 1.02%; for “51sqm-100sqm”, decreased by a nominal 0.74%; for “101sqm-150sqm”, decreased by 0.96%; for “151sqm and More”, apartment sales prices decreased by a nominal 0.95% in July 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).

To download/view this report in pdf click here