REIDIN released its Dubai and Abu Dhabi Residential Property Price Indices for June 2016. In Dubai, the general index covering all sold residential units rose 0.3% M-o-M but dropped by 3.8% Y-o-Y (+1.0% M-o-M, -5.3% Y-o-Y in May), with apartment sales prices registering an 0.4% rise M-o-M and a 3.8% drop Y-o-Y (+1.1% M-o-M, -5.2% Y-o-Y in May), with sales prices for villas inching up 0.1% Y-o-Y and going down by 4.2% Y-o-Y (+0.6% M-o-M, -6.0% Y-o-Y in May). As for the rental market, rates went down 0.5% M-o-M and 3.6% Y-o-Y (+0.3% M-o-M, -3.6% Y-o-Y in May), with apartment rental prices down 0.5% M-o-M and 3.2% Y-o-Y (+0.5% M-o-M, -3.0% Y-o-Y in May), while rental prices for villas went down 0.7% M-o-M and 5.8% Y-o-Y (-0.5% M-o-M, -6.4% Y-o-Y in May).   In Abu Dhabi, the general index for all sold residential units was unchanged M-o-M and up 1.1% Y-o-Y (-0.2% M-o-M, +1.3% Y-o-Y in May), with apartment sales prices dropping 0.1% M-o-M and 0.4% Y-o-Y (-0.3% M-o-M, -0.7% Y-o-Y in May), and sales prices for villas up 0.1% M-o-M and 2.3% Y-o-Y (+0.3% M-o-M, +3.2% Y-o-Y in May). As for the rental market, prices went down by 0.6% M-o-M and 1.1% Y-o-Y (-0.7% M-o-M, -1.5% Y-o-Y in May), with apartment rental prices dropping 0.8% M-o-M and 2.4% Y-o-Y (-0.9% M-o-M, -2.2% Y-o-Y in May), and rental prices for villas unchanged Y-o-Y and up 1.4% Y-o-Y (-0.2% M-o-M, -0.1% Y-o-Y in May). (REIDIN)