No significant change in Dubai residential market values

1/6/2016 7:42:40 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI 6th January 2016 (WAM) --- The 15th December ValuStrat Price Index (VPI) for Dubai's residential market has shown that on average there was no significant monthly change in values across the 26 areas it monitors for apartments and villas.

The December VPI registered 97.9 index points with no significant change in values when compared to the previous five months. This marks the first time the residential market registering no effective monthly change since the current period of correction that began after the peak mid-2014 ValuStrat said in a press release.

Compared to a 100 point base in 14th January the Dubai villa market registered 96.9 points in December last year and the apartment market 98.6 points similar to September October as well as November.

ValuStrat's November VPI reveals: :: Price to Rent Ratios - No monthly change 19 years for villas and 13 years for apartments :: Gross Yields - No monthly change 5.6% for villas and 7.9% for apartments :: Net Yields -Slight increase at 4.5% for villas and unchanged for apartments at 5.6% The ValuStrat Price Index (VPI) for Dubai's residential sector is constructed to represent the monthly price change experienced by typical freehold residential units within Dubai.

ValuStrat is a consulting firm headquartered in Dubai providing advisory valuation research due diligence and divestment services across a diverse range of industry sectors.

WAM/MMYS

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.