Dubai property prices rise in May, down 5.3% annually

Dubai property price

Residential property prices in Dubai rose marginally in May but were down by more than five percent year-on-year, according to a new report.

Reidin's Dubai Residential Property Sales Price Index for all residential increased by 2.5 points, from 257.6 to 260.1, which represented an increase of 0.97 percent in May. But it added that prices decreased 5.3 percent compared to May 2015.

Apartment sales prices registered an increase last month, up 1.05 per cent month-on-month but fell 5.2 percent compared to the year-earlier period while villa sales prices also registered an increase in May, up 0.63 per cent, but were still down by six percent year-on-year, said the report cited by local media.

It added that rents in Dubai increased by 0.3 points in May, from 98.7 to 99, an increase of 0.30 percent on the previous month.

Apartment rental prices rose by 0.47 percent on May but decreased three percent over the past year while villa rental values registered a monthly decrease in May, down 0.53 percent, meaning they have fallen 6.4 percent since May 2015.

In Abu Dhabi, the Reidin report said the residential property price index for all residential decreased by 0.1 points, from 83.0 to 82.9, a fall of 0.17 percent in May but prices increased 1.3 percent year-on-year.

Apartment sales prices registered a decrease falling 0.31 percent in May and also decreased 0.7 percent compared to May 2015, while villa sales prices registered an increase in May, up 0.27 percent and also increased 3.2 percent on an annual basis.

The report said Abu Dhabi rents decreased by 0.05 points, from 66.8 to 66.3, which represented a drop of 0.72 percent in May and an annual fall of 1.5 percent.

Apartment rents registered a decline of 0.90 percent last month and a 2.2 percent drop year-on-year while villa rents fell in May by 0.15 percent but rose 0.1 percent annually.

Content courtesy: arabianbusiness.com

Apartment for Sale in London - Centurion Court South Woodford East London
Make an Enquiry
verification image, type it in the box
Latest Properties in Dubai

Large Warehouse| Ideal for Factory|DIP 2

Price : AED 8,000,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
yes
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Huge brand new 5BR Villa 11.000sqf private pool

Price : AED 415,000
5
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE

6BR+ Maid+Driver|Private Location|Landscaped

Price : AED 220,000
6
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
7
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
3
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Shell and Core Retail in only ready building District One JVT

Price : AED 451,500
YES
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Lake Terrace Tower JLT |Community View

Price : AED 80,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Goldcrest View Tower JLT |Community View

Price : AED 95,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Goldcrest View Tower JLT |Community View

Price : AED 60,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Saba 2 Tower JLT | Spacious |Marina View

Price : AED 100,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Indigo Tower JLT | Spacious |Marina View

Price : AED 100,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Lake Shore Tower JLT | Spacious |Marina

Price : AED 70,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Tamweel Tower JLT |2 bed +maid |Balcony

Price : AED 135,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Brand New| Vacant | Best Price| Free Hold

Price : AED 1,440,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Exclusive 3 BR|Well Maintained|Far from Construction

Price : AED 115,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
5
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Outstanding 3 BR Maid Townhouse for Rent

Price : AED 115,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

High floor 1 bedroom canal view good price

Price : AED 90,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
Yes
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah
Dubai South - Tenora Hotel Apartment for Sale Next to Expo 2020 Site and Al Maktoum International Airport