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Residential Sales Price Index
Did you Know ?

Dubai Real Estate had over 84,196‭ ‬real estate transactions in 2021‭ ‬worth almost AED 300‭ ‬billion‭. ‬The value of these transactions‭ ‬is the highest its ever been in the recorded history of Dubai Real Estate‭. ‬Compared to 2020‭, ‬the volume of transactions grew by‭ ‬66.3‭ ‬percent and the value of transactions grew by 72%‭.‬

Year-on-Year increase in value was 110.19‭ ‬percent‭, ‬increase in sales volume was 74.77‭ ‬percent.

59.6‭ ‬percent of sales transactions were in the secondary/ready market and 40.4‭ ‬percent were off-plan.

Reference Period: Q1 2022 Index 2012= 1
1.193
Real Estate Price Index, Yearly, preliminary values
1.251
Real Estate Price Index, Quarter, preliminary values
1.296
Real Estate Price Index, Monthly, preliminary values
12.9 %
9 Months change
5.9 %
Quarter -0n-Quarter
  • In May 2022, Dubai’s real estate market registered 6,652 sales transactions, with a significant increase of 51.60 percent compared to May 2021, which recorded the highest performance for May ever recorded in the last 10 years.
  • Q1‭ ‬2022‭ ‬had the highest number of real estate transactions since 2010‭ ‬registered in a single quarter with a total of 25,972‭ ‬transactions‭.‬
  • 2021‭ ‬had 61,241‭ ‬sales transactions worth AED 151.07‭ ‬billion.
  • Dubai Real Estate had over 84,196‭ ‬real estate transactions in 2021‭ ‬worth almost AED 300‭ ‬billion‭. ‬The value of these transactions‭ ‬is the highest its ever been in the recorded history of Dubai Real Estate‭. ‬Compared to 2020‭, ‬the volume of transactions grew by‭ ‬66.3‭ ‬percent and the value of transactions grew by 72%‭.‬
  • In May 2022 the overall monthly Index recorded 1.296 and an index price of AED 1,261,379.
  • In May 2022 the Apartments monthly Index recorded 1.368 and an index price of AED 1,175,363.
  • In May 2022 the villas/townhouses monthly Index recorded 1.338 and an index price of AED 2,150,469.
  • In Q1‭ ‬2022‭ ‬the Overall quarterly Index recorded 1.251‭ ‬and an index price of AED 1,186,002‭.‬
  • In Q1‭ ‬2022‭ ‬the Apartments quarterly Index recorded 1.26‭ ‬and an index price of AED 1,067,385‭.‬
  • In Q1‭ ‬2022‭ ‬the Villas/Townhouses quarterly Index recorded 1.234‭ ‬and an index price of AED 2,094,633‭.‬
  • In 2021‭ ‬the Overall yearly Index recorded 1.193‭ ‬and an index price of AED 1,133,776.
  • In 2021‭ ‬the apartments Apartments yearly Index recorded 1.201‭ ‬and an index price of AED 1,041,679.
  • In 2021‭ ‬the Villas/Townhouses yearly Index recorded 1.198‭ ‬and an index price of AED 1,961,679.

DLD have adopted the hedonic price methodology to produce the Dubai House Price Index, the hedonic imputation method recognizes that the housing market is comprised of heterogeneous goods and can be described by their attributes or...

Dubai residential sales price index is created using a hedonic regression model

DLD has adopted the hedonic price methodology to produce the Dubai House Price Index, the hedonic imputation method recognizes that the housing market is comprised of heterogeneous goods and can be described by their attributes or their characteristics and the Dubai House Price Index will be constructed for monthly, quarterly and yearly frequencies to provide a deep understanding for the housing market in the Emirate of Dubai.

Disclaimer

At present, we do not provide any accuracy metrics, and although all due care and statistical rigour is taken with the index generation, we do not claim any forecast accuracy. Dubai Land Department and Property Finder reserve the right to adjust methodologies at any given time, and these changes will be published with appropriate user notes. Users seeking financial guidance from the DRHPI do so at their own risk and should note that some external macroeconomic features will not be captured in the model.

The DRHPI should not be used for any commercial purposes, including pricing and investment decision making or performance measurement.

Full Methodology
Date: 04 June, 2020 Size: 249 KB File: PDF