REIDIN November 2015: Overall better month for UAE property market
REIDIN released its Dubai and Abu Dhabi Residential Property Price Indices for November 2015. In Dubai, the general index covering all sold residential units rose 1.0% M-o-M and fell 11.5% Y-o-Y (-2.4% M-o-M and -13.1% Y-o-Y in October), with apartment sales prices increasing 1.6% M-o-M and falling 11.6% Y-o-Y (-2.4% M-o-M and -13.5% Y-o-Y October), and sales prices for villas falling 1.3% M-o-M and 11.1% Y-o-Y (-2.6% M-o-M and -11.3% Y-o-Y October). As for the rental market, prices inched up 0.3% M-o-M and dropped 2.3% Y-o-Y (-0.3% M-o-M and -3.2% Y-o-Y in October), with apartment rental prices rising 0.5% M-o-M, but dropping 1.9% Y-o-Y (-0.3% M-o-M and -3.1% Y-o-Y in October), while rental prices for villas were down 0.9% M-o-M and 4.0% Y-o-Y (-0.2% M-o-M and -3.5% Y-o-Y in October). In Abu Dhabi, the general index for all sold residential units increased 0.9% M-o-M and dropped 2.1% Y-o-Y (+0.4% M-o-M, -2.0% Y-o-Y in October), with apartment sales prices rising 1.0% M-o-M and falling 3.9% Y-o-Y (-0.4% M-o-M and -4.7% Y-o-Y October), and sales prices for villas rising 0.5% M-o-M and 0.2% Y-o-Y (+1.5% M-o-M and +1.2% Y-o-Y in October). As for the rental market, prices fell 0.6% M-o-M and 3.5% Y-o-Y (-0.1% M-o-M, -2.0% Y-o-Y in October), with apartment rental prices falling 1.3% M-o-M and 2.7% Y-o-Y (-0.3% M-o-M and -2.7% Y-o-Y in October), and rental prices for villas increasing 0.2% M-o-M and dropping 3.4% Y-o-Y (+0.4% M-o-M, -0.7% Y-o-Y in October). (REIDIN)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.