Residential Real Estate Market Price Dynamics | July 2023

Residential Real Estate Market Price Dynamics in Dubai and Abu Dhabi for July 2023

According to the REIDIN Residential Property Price Indices

Dubai

– Sale

• Compared to June 2023, property sales price index increased by 2.06 points, from 102.36 to 104.42, an increase of 2.01%.
• Compared to July 2022, prices increased by 18.14%.

– Rent

• Compared to June 2023, property rent price index increased by 1.09 points, from 103.38 to 104.47, an increase of 1.05%.
• Compared to July 2022, prices increased by 21.98%.

Abu Dhabi

– Sale

• Compared to June 2023, property sales price index increased by 0.95 points, from 81.13 to 82.08, an increase of 1.16%.
• Compared to July 2022, prices increased by 3.2%.

– Rent

• Compared to June 2023, property rent price index decreased by 0.36 points, from 70.37 to 70.01, a decrease of 0.51%.
• Compared to July 2022, prices increased by 0.40%.