Slow-moving begin to the year for property rates and also rental fees in UAE

Home prices and also leas have actually fallen in Dubai at the beginning of 2016, with the most up to date index numbers suggesting a falling or stagnant market. General building costs increased simply 0.09 % in January and were down 9.6 % year on year, according to the information from the current ReidIn index. A malfunction of the numbers reveals that apartment or condo prices fell 0.19 % month on month and 9.7 % year on year while suite costs increased 1.23 % yet are down 8.9 % year on year. Total residential property leasing worths fell by 1.57 % as well as were down 5.3 % year on year. Apartment or condo rents dropped 1.67 % month on month and also 5.2 % year on year while vacation home rents were down 0.9 % month on month and 5.9 % year on year. In adjoining Abu Dhabi Residential the residential property markets are also basically stagnant with the overall property consumer price index up by 0.62 % month on month as well as by 0.1 % year on year. Apartment costs boosted 0.89 % month on month but were down 2.6 % year on year while villa rates raised 0.13 % month on month and also 3.1 % year on year. The rental market in Abu Dhabi was a little so much more resilient and also values increased by 2.11 % in January as compared to December yet are down 1.8 % compared to January 2015. A failure of the figures reveal that house rental fees enhanced 2.3 month on month however were down 0.9 % year on year while suite leas raised 1.86 % month on month however were down 1.6 % year on year. Continue reading

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