Release Date: 30 December 2013
Dubai Residential Property Price Indices: November 2013 Results
INTRODUCTION
REIDIN.com Sales Price Indices (SPID) are designed to be a reliable and consistent benchmark of residential property prices in Dubai. The purpose is to measure the average change in house prices in certain districts and communities in Dubai.
SPID are powered by raw transaction data made available exclusively through the REIDIN.com Product: DUBAIFocus (Dubai real estate transaction database back to 1973 powered by an exclusive partnership with the Dubai Land Department) as well as property listings.
Dubai Residential Properties Sales Price Trends :
- Residential property prices in Dubai housing market performed well in November 2013. The Dubai Residential Property Sales Index for all residential increased by 5.8 points, from 239.5 to 245.3, which represents an increase of 2.44% mom. On the other hand, prices increased 22.4% yoy.
- Apartment sales prices registered an increase in November 2013. Prices increased 2.90% mom and 24.5% yoy.
- Villa sales prices registered an increase on a mom basis in November 2013. Prices increased 0.73% mom and 14.9% yoy.
Dubai Residential Properties Rent Price Trends:
- Residential property prices in Dubai rental market increased by 1.20 points, from 89.10 to 90.30, which represents an increase of 1.33% mom in November 2013. On the other hand, rental prices increase 16.6% yoy.
- Apartment rental prices show an increase on a mom basis in November 2013. Prices increased 1.37% mom and 17.6% yoy.
- Villa rental prices registered an increase in November 2013. Prices increased 1.11% mom and 12.6% yoy.
You can read the full report here: http://www.reidin.com/blog/en/536-dubaiabu-dhabi-residential-property-price-indices.html
Source: http://www.reidin.com
