United Arab Emirates

Residential Property
Price Indices:
April 2020 Results
Edition: 137
Dubai Residential Property Sales Price Index for all residential decreased
by 1.2 points, from 210.0 to 208.8, which represents a decrease of 0.53%
in April 2020. Prices also decreased 6.12% y-o-y.

Apartment sales prices registered a decrease in April 2020. Prices

decreased 0.51% m-o-m and also decreased 5.60% y-o-y.

Villa sales prices registered a decrease in April 2020. Prices decreased

0.68% m-o-m and also decreased 9.72% y-o-y.

Dubai Residential Property Price Indices

Sales Price Indices
Dubai Residential Property Price Indices
Sales Price Indices

M-o-M: M-o-M: M-o-M:

-0.53% -0.51% -0.68%

Y-o-Y: Y-o-Y: Y-o-Y:

-6.12% -5.60% -9.72%

All Residential Apartment Villa

353.1
216.2
214.8 197.6 350.7
196.3
212.6 348.0
194.2
211.5 193.2 346.8
210.0 345.4
191.7
208.8 190.7
343.1

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

(January 2003 = 100)

Dubai Residential Property Rental Price Index for all residential decreased
by 0.6 points, from 71.7 to 71.1, which represents a decrease of 0.81%
in April 2020. Prices also decreased 8.85% y-o-y.

Apartment rent prices registered a decrease in April 2020. Prices

decreased 0.78% m-o-m and also decreased 8.99% y-o-y.

Villa rent prices registered a decrease in April 2020. Prices decreased

1.02% m-o-m and also decreased 7.89% y-o-y.

Dubai Residential Property Price Indices

Rental Price Indices
Dubai Residential Property Price Indices
Rental Price Indices

M-o-M: M-o-M: M-o-M:

-0.81% -0.78% -1.02%

Y-o-Y: Y-o-Y: Y-o-Y:

-8.85% -8.99% -7.89%

All Residential Apartment Villa

73.6 85.4
71.9
73.0 84.8
71.4
72.4 84.2
70.8
72.1 70.5
71.7 83.6 83.6
70.0
71.1 69.5 82.7

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

(January 2009 = 100)

Dubai Price-to-Rent Ratios & Gross Rental Yields

Price to Rent Ratio(Year) Gross Yield Rate (%)

All Residential 15.5 6.6%

Apartment 14.9 6.9%

Villa 18.6 5.5%

Dubai Residential Property Price Indices & Financial Indicators

Gold price index based on gold price dollar per ounce and oil price index based on OPEC basket price.

M-o-M: M-o-M: M-o-M:

3.60% -47.93% -0.53%

Y-o-Y: Y-o-Y: Y-o-Y:

30.67% -75.05% -6.12%

455.8
472.2 (January 2003 = 100)

210.0 208.8

111.8

58.2

Mar-20 Apr-20

Gold Price Index Oil Price Index Dubai Residential Property Price Index
Abu Dhabi Residential Property Sales Price Index for all residential
decreased by 0.4 points, from 77.0 to 76.6, which represents a decrease
of 0.56% in April 2020. Prices also decreased 8.32% y-o-y.

Apartment sales prices registered a decrease in April 2020. Prices

decreased 0.68% m-o-m and also decreased 8.69% y-o-y.

Villa sales prices registered a decrease in April 2020. Prices decreased

0.04% m-o-m and also decreased 6.90% y-o-y.

Abu Dhabi Residential Property Price Indices

Sales Price Indices
Abu Dhabi Residential Property Price Indices
Sales Price Indices

M-o-M: M-o-M: M-o-M:

-0.56% -0.68% -0.04%

Y-o-Y: Y-o-Y: Y-o-Y:

-8.32% -8.69% -6.90%

All Residential Apartment Villa

79.8
78.3 84.5
79.1
77.7 83.8
78.3 76.8
83.0
77.6 76.1
75.6 82.2
77.0
76.6 75.1 81.8 81.7

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

(January 2014 = 100)

Abu Dhabi Residential Property Rental Price Index for all residential
decreased by 0.4 points, from 74.6 to 74.2, which represents a decrease
of 0.47% in April 2020. Prices also decreased 4.68% y-o-y.

Apartment rent prices registered a decrease in April 2020. Prices

decreased 0.33% m-o-m and also decreased 4.94% y-o-y.

Villa rent prices registered a decrease in April 2020. Prices decreased

1.06% m-o-m and also decreased 4.05% y-o-y.

Abu Dhabi Residential Property Price Indices

Rental Price Indices
Abu Dhabi Residential Property Price Indices
Rental Price Indices

M-o-M: M-o-M: M-o-M:

-0.47% -0.33% -1.06%

Y-o-Y: Y-o-Y: Y-o-Y:

-4.68% -4.94% -4.05%

All Residential Apartment Villa

76.8
75.3 75.0 76.5 76.4
75.2
75.1 74.8
74.6
74.8 74.5 75.6
75.4
74.6 74.3

74.1
74.2 74.6

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

(January 2014 = 100)

Abu Dhabi Price-to-Rent Ratios & Gross Rental Yields

Price to Rent Ratio(Year) Gross Yield Rate (%)

All Residential 14.7 7.0%

Apartment 14.0 7.4%

Villa 17.4 5.9%

Abu Dhabi Residential Property Price Indices & Financial Indicators

Gold price index based on gold price dollar per ounce and oil price index based on OPEC basket price.

M-o-M: M-o-M: M-o-M:

3.60% -47.93% -0.56%
Y-o-Y: Y-o-Y: Y-o-Y:
30.67% -75.05% -8.32%

(January 2014 = 100)

134.6
129.9

77.0 76.6

32.4
16.9

Mar-20 Apr-20

Gold Price Index Oil Price Index Abu Dhabi Residential Property Price Index
Ajman apartment sales prices registered an increase in April 2020. Prices
increased 0.86% m-o-m and also increased 18.33% y-o-y.

Ras Al Khaimah apartment sales prices registered a decrease in April 2020.

Prices decreased 0.16% m-o-m and also decreased 13.59% y-o-y.

Sharjah apartment sales prices registered an increase in April 2020. Prices

increased 2.04% m-o-m and also increased 3.29% y-o-y.

Ajman, RAK, Sharjah Residential Property Price

Indices
Sales Price Indices for Apartment
Ajman, RAK, Sharjah Residential Property Price Indices
Sales Price Indices for Apartment

M-o-M: M-o-M: M-o-M:

0.86% Ras Al -0.16% 2.04%
Ajman Sharjah
Khaimah
Y-o-Y: Y-o-Y: Y-o-Y:
18.33% -13.59% 3.29%

Sales Price Indices for Apartment

73.3 105.6
97.8
97.0 71.7 103.4
94.9 70.5 102.3
93.5 69.8 101.3
100.8
91.8 68.9 68.8
90.2 99.3

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

(January 2014 = 100)

Ajman apartment rent prices registered a decrease in April 2020. Prices
decreased 0.43% m-o-m and also decreased 7.15% y-o-y.

Ras Al Khaimah apartment rent prices registered a decrease in April 2020.

Prices decreased 1.48% m-o-m and also decreased 8.56% y-o-y.

Sharjah apartment rent prices registered a decrease in April 2020.

Prices decreased 1.62% m-o-m and also decreased 8.63% y-o-y.

Ajman, RAK, Sharjah Residential Property Price

Indices
Rental Price Indices for Apartment
Ajman, RAK, Sharjah Residential Property Price Indices
Rental Price Indices for Apartment

M-o-M: M-o-M: M-o-M:

-0.43% Ras Al -1.48% -1.62%
Ajman Sharjah
Khaimah Y-o-Y:
Y-o-Y: Y-o-Y:
-7.15% -8.56% -8.63%

Rental Price Indices for Apartment

72.5
90.2
72.9
71.4 71.3
89.0
71.7 88.6
87.9 70.4 70.4
70.9 87.7

69.2
69.5 69.3 86.4
69.0

Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20

(January 2014 = 100)

Ajman, RAK, Sharjah Price-to-Rent Ratios & Gross Rental Yields for Apartment

Price to Rent Ratio(Year) Gross Yield Rate (%)

Ajman 17.2 6.0%

Ras Al
12.1 8.6%
Khaimah

Sharjah 22.2 4.6%

Ajman, RAK, Sharjah Residential Property Price Indices & Financial Indicators

Gold price index based on gold price dollar per ounce and oil price index based on OPEC basket price.

M-o-M: M-o-M: M-o-M: M-o-M: M-o-M:

3.60% -47.93% 0.86% Ras Al -0.16% 2.04%
Ajman Sharjah
Gold Oil Khaimah
Y-o-Y: Y-o-Y: RPPI Y-o-Y: RPPI
RPPI Y-o-Y: Y-o-Y:
30.67% -75.05% 18.33% -13.59% 3.29%

(January 2014 = 100)

134.6
129.9

103.4 105.6
97.0 97.8

68.9 68.8

32.4
16.9

Mar-20 Apr-20

Gold Price Index Oil Price Index Ajman RPPI Ras Al Khajmah RPPI Shariah RPPI
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, Abu Dhabi, Ajman, Ras Al Khajmah and Sharjah. 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 UAE RPPIs are calculated based on moving average median prices– an approach that is widely used for indexing
housing prices – which involves median of sales and rent prices of properties in a corresponding region. The median series of sales
and rent price data is constructed by taking “the median price/sqm” of all properties during a certain time period.

The official UAE Real Estate Residential Sales Price Indices provided to Bank of International Settlements (BIS) by the Central
Bank of United Arab Emirates (CBUAE) is designed and produced by REIDIN.

Although all values, statements and visual materials in this report are provided, indicated and calculated neatly by REIDIN, we
make no warranty, assurance or guarantee that materials and values are absolutely accurate. REIDIN highly recommends that this
report should not be taken as an endorsement of or recommendation on any participation by any intending investor or any other
party in any transaction whatsoever. This information is presented exclusively for use by REIDIN clients and professionals and all
rights to the material are reserved and cannot be reproduced without prior written permission of REIDIN.
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