REIDIN United Arab Emirates Residential Property Price Indices: January 2016 Results - Edition: 86 February 29, Edition: 86

Transcription

1 REIDIN United Arab Emirates Residential Property Price Indices: January 2016 Results - February 29, 2016

2 REIDIN United Arab Emirates Residential Property Price Indices: January 2016 Results Dubai Market Analysis Page Dubai Residential Property Price Indices: Sales Price Indices 3-6 Dubai Residential Property Price Indices: Rental Price Indices 7-10 Dubai Gross Rental Yields and Price-to-Rent Ratios 11 Dubai Residential Property Price Indices and Financial Indicators 12 Dubai Transaction Data Analysis 13 Abu Dhabi Market Analysis Abu Dhabi Residential Property Price Indices: Sales Price Indices Abu Dhabi Residential Property Price Indices: Rental Price Indices Abu Dhabi Gross Rental Yields and Price-to-Rent Ratios 22 Methodology and Coverage 23

3 Dubai Residential Property Price Indices: Sales Price Indices The Dubai Residential Property Sales Price Index for all residential increased by 0.2 points, from to 261.2, which represents an increase of 0.09% in January On the other hand, prices decreased 9.6% y-o-y. Apartment sales prices registered a decrease in January Prices decreased 0.19% m-o-m and also decreased 9.7% y-o-y. Villa sales prices registered an increase in January Prices increased 1.23% m-o-m but decreased 8.9% y-o-y.

4 Dubai Residential Property Price Indices: Sales Price Indices

5 Dubai Residential Property Price Indices: Sales Price Indices (January 2003=100) Apartment sales prices registered a decrease in January Prices decreased 0.19% m-o-m and also decreased 9.7% y-o-y. Villa sales prices registered an increase in January Prices increased 1.23% m-om but decreased 8.9% y-o-y.

6 Dubai RPPIs: Sales Price Indices and Monthly Changes ALL RESIDENTIAL APARTMENT VILLA Month (Jan.2003=100) Index Number M-o-M Index Number M-o-M Index Number M-o-M May % % % June % % % July % % % August % % % September % % % October % % % November % % % December % % % January % % %

7 Dubai Residential Property Price Indices: Rental Price Indices Residential property prices in Dubai rental market decreased by 1.6 points, from to 99.3, which represents a decrease of 1.57% in January On the other hand, rental prices decreased 5.3% y-o-y. Apartment rental prices registered a decrease in January Prices decreased 1.67% m-o-m and also decreased 5.2% y-o-y. Villa rental prices registered a decrease in January Prices decreased 0.98% m-o-m and also decreased 5.9% y-o-y.

8 Dubai Residential Property Price Indices: Rental Price Indices

9 Dubai Residential Property Price Indices: Rental Price Indices (January 2009=100) Apartment rental prices registered a decrease in January Prices decreased 1.67% m-o-m and also decreased 5.2% y-o-y. Villa rental prices registered a decrease in January Prices decreased 0.98% m- o-m and also decreased 5.9% y-o-y.

10 Dubai RPPIs: Rental Price Indices and Monthly Changes ALL RESIDENTIAL APARTMENT VILLA Month (Jan.2009=100) Index Number M-o-M Index Number M-o-M Index Number M-o-M May % % % June % % % July % % % August % % % September % % % October % % % November % % % December % % % January % % %

11 Dubai Gross Rental Yields (%) & Dubai Price-to-Rent Ratios

12 Dubai Residential Property Price Indices & Financial Indicators

13 Dubai Transaction Data Analysis (Transaction values are based on registration date )

14 Abu Dhabi Residential Property Price Indices: Sales Price Indices The Abu Dhabi Residential Property Price Index for all residential increased by 0.6 points, from 83.5 to 84.1, which represents an increase of 0.62% in January On the other hand, prices increased 0.1% y-o-y. Apartment sales prices registered an increase in January Prices increased 0.89% m-o-m but decreased 2.6% y-o-y. Villa sales prices registered an increase in January Prices increased 0.13% m-om and also increased 3.1% y-o-y.

15 Abu Dhabi Residential Property Price Indices: Sales Price Indices

16 Abu Dhabi Residential Property Price Indices: Sales Price Indices (January 2009=100) Apartment sales prices registered an increase in January Prices increased 0.89% m-o-m but decreased 2.6% y-o-y. Villa sales prices registered an increase in January Prices increased 0.13% m-om and also increased 3.1% y-o-y.

17 Abu Dhabi RPPIs: Sales Price Indices and Monthly Changes ALL RESIDENTIAL APARTMENT VILLA Month (Jan.2009=100) Index Number M-o-M Index Number M-o-M Index Number M-o-M May % % % June % % % July % % % August % % % September % % % October % % % November % % % December % % % January % % %

18 Abu Dhabi Residential Property Price Indices: Rental Price Indices Residential property prices in Abu Dhabi rental market increased by 1.4 points, from 64.4 to 65.8, which represents an increase of 2.11% in January On the other hand, prices decreased 1.8% y-o-y. Apartment rental prices registered an increase in January Prices increased 2.30% m-o-m but decreased 0.9% y-o-y. Villa rental prices registered an increase in January Prices increased 1.86% m-om but decreased 1.6% y-o-y.

19 Abu Dhabi Residential Property Price Indices: Rental Price Indices

20 Abu Dhabi Residential Property Price Indices: Rental Price Indices (January 2009=100) Apartment rental prices registered an increase in January Prices increased 2.30% m-o-m but decreased 0.9% y-o-y. Villa rental prices registered an increase in January Prices increased 1.86% m-om but decreased 1.6% y-o-y.

21 Abu Dhabi RPPIs: Rental Price Indices and Monthly Changes ALL RESIDENTIAL APARTMENT VILLA Month (Jan.2009=100) Index Number M-o-M Index Number M-o-M Index Number M-o-M May % % % June % % % July % % % August % % % September % % % October % % % November % % % December % % % January % % %

22 Abu Dhabi Gross Rental Yields (%) & Abu Dhabi Price-to-Rent Ratios

23 REIDIN-UAE Residential Property Price Indices Methodology & Coverage REIDIN UAE Residential Property Price Indices (RPPIs) are designed to be a reliable and consistent benchmark of housing sales and rent prices in Dubai and Abu Dhabi. The purpose of the indices is to measure the average differences in house prices in a particular geographic market through a timeline. Methodology and Coverage Monthly REIDIN Dubai and Abu Dhabi RPPIs are calculated based on moving average median prices an approach that is widely used for indexing housing prices which involves median of sales prices of properties in a corresponding region. The median series of sales price data is constructed by taking the median price/sqm of all properties during a certain time period. REIDIN Dubai RPPI employs weighted average of the median prices of areas for the calculation of the monthly index series. The weights used in the methodology are the existing supply of each area which is derived from housing stock and will be updated semi-annually. All Dubai indices are calculated by using the Laspeyres price index formula and a moving average algorithm. On the other hand, REIDIN Abu Dhabi RPPIs are calculated by using the Dutot price index formula (defined as the ratio of the unweighted arithmetic average of the prices in the current period t to base period 0) and a moving average algorithm.

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