Aug 16, 2012
REIDIN.com The United Arab Emirates Residential Property Price Indices: July 2012 Results
August 16, 2012
REIDIN.com The United Arab Emirates Residential Property Price Indices: July 2012 Results Issue: 31
Page Number
Dubai Residential Property Price Indices: Sales Price Indices Dubai Residential Property Price Indices: Rental Price Indices Dubai Gross Rental Yields and Price-to-Rent Ratios Abu Dhabi Residential Property Price Indices: Sales Price Indices Abu Dhabi Residential Property Price Indices: Rental Price Indices Abu Dhabi Gross Rental Yields and Price-to-Rent Ratios Methodology and Coverage 3-7 8-12 13-14 15-19 20-24 25-26 27
Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed well in July 2012. The Dubai Residential Property Sales Index for all residential increased by 1.9 points, from 181.2 to 183.1, which represents an increase of 1.02% mom. On the other hand, prices increased 13.45% yoy.
Apartment sales prices registered an increase in July 2012. Prices increased 0.47% mom and 2.32% yoy.
Villa sales prices show relatively high nominal growth on a mom basis in July 2012. Prices increased 1.79%
mom and 22.18% yoy.
Apartment sales prices with the size "50sqm and less", decreased by a nominal 1.71%; for "51sqm100sqm", increased by a nominal 1.74%; for "101sqm-150sqm", increased by 1.73%; for "151sqm and more" and decreased by a nominal 0.31% in July 2012.
3
Dubai Residential Property Price Indices: Sales Price Indices (Jan.2003=100)
4
Dubai Residential Property Price Indices: Sales Price Indices (Jan.2003=100)
5
Dubai RPPIs: Sales Price Indices
ALL RESIDENTIAL
APARTMENT
VILLA
Month (Jan.2003=100) February 2012 March 2012 April 2012 May 2012 June 2012
Index Number 170.8 174.2 176.8 179.4 181.2 183.1
MoM
Index Number 143.5 146.5 145.7 146.2 146.6 147.3
MoM
Index Number 326.4 332.6 339.5 345.3 351.0 357.2
MoM
+1.05% +2.00% +1.53% +1.42% +1.04% +1.02%
+0.61% +2.08% -0.51% +0.28% +0.32% +0.47%
+1.54% +1.89% +2.07% +1.71% +1.64% +1.79%
July 2012
6
Dubai RPPIs-Apartment Size Range: Sales Price Indices
50 Sqm and Less
51 Sqm -100 Sqm
101 Sqm -150 Sqm
151 Sqm and More
Month (Jan.2006=100) February 2012 March 2012 April 2012 May 2012
Index Number 112.7 115.0 112.9 114.5
MoM
Index Number 116.5 118.9 118.1 117.6
MoM
Index Number 112.6 112.8 114.9 114.7
MoM
Index Number 124.8 122.8 120.8 120.3
MoM
+0.83% +2.07% -1.82% +1.45%
+0.41% +2.08% -0.72% -0.42%
-0.27% +0.13% +1.88% -0.19%
-0.29% -1.63% -1.63% -0.36%
June 2012
July 2012
115.0
113.0
+0.38%
-1.71%
119.7
121.8
+1.84%
+1.74%
112.8
114.8
-1.62%
+1.73%
122.8
122.5
+2.08%
-0.31%
7
Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 0.25 points, from 74.71 to 74.96, which represents an increase of 0.33% mom in July 2012. On the other hand, rental prices increase 7.68% yoy.
Apartment rental prices show an increase on a mom basis in July 2012. Prices increased 0.05% mom and 6.11% yoy.
Villa rental prices registered an increase in July 2012. Prices increased 0.52% mom and 7.37% yoy.
Apartment rental prices with the size "50sqm and less", decreased by a nominal 0.37%; for "51sqm100sqm", increased by a nominal 0.64%; for "101sqm-150sqm", increased by 0.12%; for "151sqm and more", apartment sales prices decreased by a nominal 0.21% in July 2012.
8
Dubai Residential Property Price Indices: Rental Price Indices (Jan.2009=100)
9
Dubai Residential Property Price Indices: Rental Price Indices (Jan.2009=100)
10
Dubai RPPIs: Rental Price Indices
ALL RESIDENTIAL
APARTMENT
VILLA
Month (Jan.2009=100) February 2012 March 2012 April 2012 May 2012 June 2012
Index Number
MoM
Index Number
MoM
Index Number
MoM
74.53
74.29 74.33 74.95 74.71 74.96
+1.30%
-0.33% +0.06% +0.83% -0.32% +0.33%
69.97
69.79 69.82 70.86 70.54 70.58
+0.46%
-0.25% +0.05% +1.48% -0.44% +0.05%
105.1
104.7 104.8 104.5 104.3 104.9
+1.38%
-0.37% +0.06% -0.26% -0.17% +0.52%
July 2012
11
Dubai RPPIs-Apartment Size Range: Rental Price Indices
50 Sqm and Less
51 Sqm -100 Sqm
101 Sqm -150 Sqm
151 Sqm and More
Month (Jan.2009=100) February 2012 March 2012 April 2012 May 2012 June 2012 July 2012
Index Number 78.47 77.61 77.13 75.66 74.50 74.22
MoM
Index Number 77.33 76.21 75.84 77.24 75.84 76.32
MoM
Index Number 82.68 83.86 85.57 87.33 87.58 87.68
MoM
Index Number 87.05 88.41 87.78 89.63 91.37 91.18
MoM
+1.04% -1.09% -0.62% -1.91% -1.53% -0.37%
+1.33% -1.46% -0.48% +1.85% -1.82% +0.64%
-0.94% +1.43% +2.04% +2.05% +0.28% +0.12%
-0.12% +1.56% -0.72% +2.11% +1.94% -0.21%
12
Dubai Gross Rental Yields (%)
13
Dubai Price-to-Rent Ratios
14
Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential decreased by 0.71 points, from 64.67 to
63.96, which represents a decrease of 1.09% mom in July 2012. On the other hand, prices decreased 7.77% yoy.
Apartment sales prices decreased 1.76% in July 2012 compared to June 2012 and decreased 12.44% compared to July 2011.
Villa sales prices registered a decrease in July 2012. Prices decreased 0.39% mom and 2.31% yoy.
Apartment sales prices with the size "50sqm and less", decreased by a nominal 1.90%; for "51sqm-100sqm", decreased by a nominal 1.67%; for "101sqm-150sqm", decreased by 1.68%; for "151sqm and more", apartment sales prices decreased by a nominal 1.91% in July 2012.
15
Abu Dhabi Residential Property Price Indices: Sales Price Indices (Jan.2009=100)
16
Abu Dhabi Residential Property Price Indices: Sales Price Indices (Jan.2009=100)
17
Abu Dhabi RPPIs: Sales Price Indices
ALL RESIDENTIAL
APARTMENT
VILLA
Month (Jan.2009=100) February 2012 March 2012 April 2012 May 2012 June 2012 July 2012
Index Number 67.19 66.50 66.07 65.34 64.67 63.96
MoM
Index Number 55.58 54.91 54.15 53.32 52.43 51.51
MoM
Index Number 86.77 86.09 86.22 85.67 85.37 85.03
MoM
-0.49% -1.02% -0.65% -1.10% -1.03% -1.09%
-1.04% -1.21% -1.38% -1.54% -1.67% -1.76%
+0.19% -0.78% +0.16% -0.64% -0.36% -0.39%
18
Abu Dhabi RPPIs-Apartment Size Range: Sales Price Indices
50 Sqm and Less
51 Sqm -100 Sqm
101 Sqm -150 Sqm
151 Sqm and More
Month (Jan.2009=100) February 2012 March 2012 April 2012 May 2012 June 2012 July 2012
Index Number 68.53 67.51 66.32 65.38 64.81 63.57
MoM
Index Number 56.42 55.64 54.73 53,90 53.36 52.47
MoM
Index Number 57.09 56.41 55.47 54,74 53.81 52.91
MoM
Index Number 56.08 55.40 54.59 53,69 52.62 51.62
MoM
-1.22% -1.49% -1.76% -1.42% -0.88% -1.90%
-1.28% -1.38% -1.63% -1.53% -0.99% -1.67%
-1.05% -1.19% -1.67% -1.32% -1.69% -1.68%
-0.98% -1.21% -1.47% -1.64% -2.00% -1.91%
19
Abu Dhabi Residential Property Price Indices: Rental Price Indices
Residential property prices in Abu Dhabi rental market decreased by 0.77 points, from 61.75 to 60.98, which represents a decrease of 1.23% mom in July 2012. On the other hand, prices decreased 9.43% yoy.
Apartment rental prices decreased 1.65% in July 2012 compared to June 2012 and decreased 3.88%
compared to July 2011.
Villa rental prices registered a decrease in July 2012. Prices decreased 0.63% mom and 13.51% yoy.
Apartment rental prices with the size "50sqm and less", decreased by a nominal 1.35%; for "51sqm100sqm", decreased by a nominal 1.11%; for "101sqm-150sqm", decreased by 2.09%; for "151sqm and more", apartment sales prices decreased by a nominal 1.75% in July 2012.
20
Abu Dhabi Residential Property Price Indices: Rental Price Indices (Jan.2009=100)
21
Abu Dhabi Residential Property Price Indices: Rental Price Indices (Jan.2009=100)
22
Abu Dhabi RPPIs: Rental Price Indices
ALL RESIDENTIAL
APARTMENT
VILLA
Month (Jan.2009=100) February 2012 March 2012 April 2012 May 2012 June 2012
Index Number
MoM
Index Number
MoM
Index Number
MoM
62.85
62.63 62.05 62.38 61.75 60.98
-0.36%
-0.36% -0.91% +0.53% -1.02% -1.23%
62.34
63.25 62.59 63.67 62.78 61.75
-0.33%
+1.45% -1.03% +1.72% -1.39% -1.65%
62.01
61.69 61.37 61.10 60.83 60.44
-0.38%
-0.52% -0.51% -0.45% -0.44% -0.63%
July 2012
23
Abu Dhabi RPPIs-Apartment Size Range: Rental Price Indices
50 Sqm and Less
51 Sqm -100 Sqm
101 Sqm -150 Sqm
151 Sqm and More
Month (Jan.2009=100) February 2012 March 2012 April 2012 May 2012 June 2012 July 2012
Index Number 60.29 61.10 61.80 62.40 62.66 61.82
MoM
Index Number 63.81 64.78 65.71 66.24 65.93 65.20
MoM
Index Number 60.87 60.12 58.89 58.52 57.61 56.41
MoM
Index Number 62.41 61.68 60.47 60.17 58.94 57.91
MoM
-0.07% +1.34% +1.16% +0.97% +0.41% -1.35%
-0.16% +1.52% +1.44% +0.81% -0.47% -1.11%
-0.83% -1.24% -2.04% -0.64% -1.54% -2.09%
-0.67% -1.18% -1.95% -0.50% -2.05% -1.75%
24
Abu Dhabi Gross Rental Yields (%)
25
Abu Dhabi Price-to-Rent Ratios
26
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/ rent index series are also 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).
27
CONTACT US
REIDIN.com - Dubai Office
Concord Tower, No: 2304, Dubai Media City, PO Box 333929 Dubai, United Arab Emirates Tel. +971 4 433 13 98 Fax. +971 4 360 47 88 www.reidin.com info@reidin.com
