Wednesday 22 October 2014
 
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Dubai residential property prices edge up in June

Dubai, August 1, 2014

The Dubai Residential Property Sales Price Index for all residential properties increased by 3.7 points, from 291.3 to 295.0, which represents an increase of 1.28 per cent in June, while prices increased 36.2 per cent year-on-year (y-o-y), a report said.

Apartment sales prices registered an increase in June 2014. Prices increased 1.12 per cent m-o-m and 39.7 per cent y-o-y, added the REIDIN.com Sales Price Indices (SPID), which are designed to be a benchmark of residential property prices in Dubai.

Villa sales prices registered an increase on a m-o-m basis in June 2014. Prices increased 1.97 per cent m-o-m and 23.1 per cent y-o-y.

Residential property prices in Dubai rental market increased by 0.2 points, from 101.7 to 101.9, which represents an increase of 0.16 per cent in June 2014. On the other hand, rental prices increase 23.7 per cent y-o-y.

Apartment rental prices show an increase on a m-o-m basis in June 2014. Prices increased 0.13 per cent m-o-m and 26.6 per cent y-o-y.

Villa rental prices registered an increase in June 2014. Prices increased 0.30 per cent m-o-m and 10.7 per cent y-o-y.

Abu Dhabi Residential Property Price and Rental Indices

The Abu Dhabi Residential Property Price Index for all residentials increased by 0.5 points, from 83.7 to 84.2, which represents an increase of 0.52 per cent in June 2014. On the other hand, prices increased 19.6 per cent y-o-y.

Apartment sales prices registered an increase in June 2014. Prices increased 0.29 per cent m-o-m and 19.8 per cent y-o-y.

Villa sales prices registered an increase in June 2014. Prices increased 0.78 per cent m-o-m and 15.2 per cent y-o-y.

Residential property prices in Abu Dhabi rental market increased by 1.0 points, from 64.0 to 65.0, which represents an increase of 1.50 per cent in June 2014. On the other hand, prices increased 5.7 per cent y-o-y.

Apartment rental prices increased 1.05 per cent in June 2014 compared to May 2014 and increased 2.5 per cent compared to June 2013.

Villa rental prices increased 1.94 per cent in June 2014 compared to May 2014 and increased 7.3 per cent compared to June 2013. – TradeArabia News Service




Tags: Abu Dhabi rents |

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