Residential Sales Price Index

Did you Know?

November 2021 had 6,989 sales transactions worth AED 17.95 billion, making it the best November on record since Jan 2014.

Including November 2021, the year-to-date total of sales transactions reachedis 55,640 worth AED 135.4 billion. In just 11 months, the value of real estate sales transactions is 88.37 percent more than 2020 as a whole and is already the highest yearly sales figure since 2014.

Key Figures
Key Figures

1.15

Real Estate Price Index, Yearly, preliminary values

1.128

Real Estate Price Index, Quarter, preliminary values

1.156

Real Estate Price Index, Monthly, preliminary values
Read More
Key Findings
Key Findings
  • 6,989 sales transactions in November 2021 worth AED 17.95 billion, making it the highest number of sales on record since  Dec 2013.

    7.4% growth in the index in November 2021 compared to 2020.

Read More
Index Methodology
Index Methodology

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...

Read More
Key Figures

Real Estate Price Index, Quarter, preliminary values

1.128

Index 2012= 1

Reference Period: 3rd Quarter 2021

-0.007 %

compared with the same period the previous year

1.81 %

compared with the previous period
Key Findings

November 2021 had 6,989 sales transactions worth AED 17.95 billion, making it the best November on record since Jan 2014.

Q3‭ ‬2021‭ ‬has been the best Q3‭ ‬recorded in the history of Dubai real estate in terms of sales transaction value and the best Q3‭ ‬for sales transaction volume since 2009.

In November 2021 the overall monthly Index recorded 1.156 and an index price of AED 1,115,937.

In November 2021 the Apartments monthly Index recorded 1.182 and an index price of AED 1,000,253.

In November 2021 the villas/townhouses monthly Index recorded 1.167 and an index price of AED 1,990,496.

In Q3‭ ‬2021‭ ‬the Overall quarterly Index recorded 1.128‭ ‬and an index price of AED 1,053,263‭.‬

In‭  ‬Q3‭ ‬2021‭ ‬the apartments monthly Index recorded 1.134‭ ‬and an index price of AED 946,644‭.‬

In‭  ‬Q3‭ ‬2021‭ ‬the Villas/Townhouses yearly Index recorded 1.124‭ ‬and an index price of‭ ‬

AED 1,954,802‭.‬

Residential Sales Price Index - Methodology
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
Reports