Three main price indices

Three main price indices

Used for analysis of Dubai residential real estate market We present these indices in our news. 1.REIDIN Residential Property Price Indices Are calculated by using the Dutot formula – the ratio of average prices per sqm for the sale and rental of residential property in 25 districts. Updated monthly and quarterly Base year – 2014 2.ValuStrat Price Index (VPI) Applies weighted averages using data samples representing up to 95% of the market across Dubai. Updated: For residential capital values – monthly For rental values – quarterly Base year – 2014 3.Mo'asher – Residential Rental Performance Index by Dubai Land Department (DLD) Calculations are based on a hedonic regression model with attributes:

• View
• Property size
• Number of bedrooms, etc.

Updated monthly Base year – 2013 Index values may differ due to different calculation methodology, but they clearly reflect the dynamics of the real estate market.