REIDIN released its Dubai and Abu Dhabi Residential Property Price Indices for March 2016. In Dubai, the general index covering all sold residential units increased by 0.8% M-o-M, but down 8.0% Y-o-Y (-1.7% M-o-M, -10.0% Y-o-Y in February), with apartment sales prices registering an increase of 0.7% M-o-M and went down 7.4% Y-o-Y (-1.8% M-o-M, -9.6% Y-o-Y in February), and sales prices for villas increasing by 1.2% Y-o-Y, but down 10.3% Y-o-Y (-1.2% M-o-M, -11.5% Y-o-Y in February). As for the rental market, rates inched up 0.3% M-o-M, but were down 4.9% Y-o-Y (-0.9% M-o-M, -5.4% Y-o-Y in February), with apartment rental prices inching up 0.5% M-o-M and down 4.7% Y-o-Y (-1.2% M-o-M, -5.4% Y-o-Y in February), while rental prices for villas went down 0.7% M-o-M and 6.1% Y-o-Y (+0.3% M-o-M, -5.7% Y-o-Y in February).   In Abu Dhabi, the general index for all sold residential units inched down 0.2% M-o-M but went up by 0.9% Y-o-Y (-0.3% M-o-M, +0.6% Y-o-Y in February), with apartment sales prices roughly unchanged M-o-M and down 1.3% Y-o-Y (-0.3% M-o-M, 1.9% Y-o-Y in February), and sales prices for villas went down 1.1% M-o-M but up 2.9% Y-o-Y (-0.4% M-o-M, +3.5% Y-o-Y in February). As for the rental market, prices drop 0.1% M-o-M, up 1.6% Y-o-Y (+1.7% M-o-M, +0.9% Y-o-Y in February), with apartment rental prices down  0.1% but up 1.1% Y-o-Y (+2.1% M-o-M, +0.7% Y-o-Y in February), and rental prices for villas down 0.1% M-o-M, but were up 2.7% Y-o-Y (+1.0% M-o-M, +1.7% Y-o-Y in February). (REIDIN)