The Dubai Residential Property Sales Price Index for all residential units decreased by 2.3 points, from 232.1 to 229.8, in November, thus registering a drop of 1.02 per cent over last year. Prices also fell 8.27 per cent year-on-year.

Apartment sales prices too registered a decrease last month. The prices fell 1.06 per cent month-on-month and also decreased 7.91 per cent y-o-y, said a statement from Reidin.com, a real estate information company focusing on emerging markets.

The villa sales prices too registered a decrease in November, down 0.76 per cent m-o-m and 9.39 per cent y-o-y, it stated.

The Dubai Residential Property Rental Price Index for all residential decreased by 1.0 points, from 81.3 to 80.3, which represents a decrease of 1.03 per cent in November. Prices also decreased 10.05 per cent y-o-y.

Apartment rent prices too registered a sharp fall in November. The prices fell 1.14 per cent m-o-m and 10.39 per cent y-o-y. The villa rent prices registered a decrease last month, falling 0.30 per cent m-o-m and decreasing 7.32 per cent y-o-y.

On the Abu Dhabi market, Reidin said the residential property sales price index for all residential decreased by 0.7 points, from 86.9 to 86.2, which represents a decrease of 0.84 per cent. On the other hand, prices decreased 6.39 per cent y-o-y.

Apartment sales prices registered a decrease in November 2018. Prices decreased 0.69 per cent m-o-m and also decreased 7.02 per cent y-o-y.

Villa sales prices registered a decrease in November 2018. Prices decreased 1.32 per cent m-o-m and also decreased 4.36 per cent y-o-y, it stated.

The Abu Dhabi Residential Property Rental Price Index for all residential decreased by 0.4 points, from 81.0 to 80.6, which represents a decrease of 0.51 per cent in November 2018. Prices also decreased 10.49 per cent y-o-y.

Apartment rent prices registered a decrease in November 2018. Prices decreased 0.42 per cent m-o-m and also decreased 10.78 per cent y-o-y, said Reidin in its report.

Villa rent prices registered a decrease in November 2018. Prices decreased 0.76 per cent m-o-m and also decreased 9.52 per cent y-o-y, it stated.

On the northern emirates' scenario, Reidin said the Ajman apartment sales prices registered an increase in November. Prices increased 1.87 per cent m-o-m but decreased 10.55 per cent y-o-y.

Meanwhile, in Ras Al Khaimah the apartment sales prices registered a decline in November 2018. Prices decreased 1.47 per cent and also decreased 4.72 per cent y-o-y.

Sharjah apartment sales prices registered a decrease in November 2018. Prices decreased 2.24 per cent m-o-m but increased 0.08 per cent y-o-y, said the statement from Reidin.

Ajman apartment rent prices registered a decrease in November 2018. Prices decreased 2.61 per cent m-o-m and also decreased 13.46 per cent y-o-y, it stated.

Ras Al Khaimah apartment rent prices registered a decrease in November 2018. Prices decreased 0.65 per cent m-o-m and also decreased 9.00 per cent y-o-y.

Sharjah apartment rent prices registered a decrease in November 2018. Prices decreased 2.33 per cent m-o-m and also decreased 10.25 per cent y-o-y, it added.-TradeArabia News Service