REIDIN released its Dubai and Abu Dhabi Residential Property Price Indices for April 2016. In Dubai, the general index covering all sold residential units dropped by 0.5% M-o-M and 7.5% Y-o-Y (+0.8% M-o-M, -8.0% Y-o-Y in March), with apartment sales prices registering an 0.8% drop M-o-M and 7.3% Y-o-Y (+0.7% M-o-M, -7.4% Y-o-Y in March), and sales prices for villas increasing by 0.4% M-o-M and decreasing by 8.2% Y-o-Y (+1.2% M-o-M, -10.3% Y-o-Y in March). As for the rental market, rates inched up by 0.1% M-o-M but decreased by 4.2% Y-o-Y (+0.3% M-o-M, -4.9% Y-o-Y in March), with apartment rental prices inching up 0.1% but decreasing 3.9% Y-o-Y (+0.5% M-o-M, -4.7% Y-o-Y in March), while rental prices for villas went down 0.5% M-o-M and 6.3% Y-o-Y (-0.7% M-o-M, -6.1% Y-o-Y in March).   In Abu Dhabi, the general index for all sold residential units dropped by 0.7% but increased by 1.3% Y-o-Y (-0.2% M-o-M, +0.9% Y-o-Y in March), with apartment sales prices dropping 0.6% M-o-M and 0.8% Y-o-Y (roughly unchanged M-o-M, -1.3% Y-o-Y in March), and sales prices for villas went down by 1.1% M-o-M but increased by 3.0% Y-o-Y (-1.1% M-o-M, +2.9% Y-o-Y in March). As for the rental market, prices dropped 0.1% M-o-M and 0.4% Y-o-Y (-0.1% M-o-M, +1.6% Y-o-Y in March), with apartment rental prices down 0.1% M-o-M and 1.2% Y-o-Y (-0.1% M-o-M, +1.1% Y-o-Y in March), and rental prices for villas roughly unchanged M-o-M and up 1.0% Y-o-Y (-0.1% M-o-M, +2.7% Y-o-Y in March). (REIDIN)