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FINANCIAL NEWS
Dubai villa prices up 7% in Q2
25 Jul 2010
(MENAFN) Dubai villa prices increased by 6.99 percent while apartment prices declined by 5.23 percent between the second quarter 2009 and the same period this year, Gulf News reported.
Reidin.com has announced the June figures of its Sales Price Index for Dubai (SPID), part of its INDEXFocus-UAE product, an online database of proprietary real estate indices for UAE.
According to the data released for the month of June 2010, the All Residential Sales Price Index for Dubai (SPID) showed a decrease of 0.35 percent between May 2010 and June 2010, compared to a decrease of 1.23 percent for the coresponding period between April and May 2010.
In the same period, apartment prices increased by 0.71 percent compared to a decrease of 2.88 percent last month, while villa prices decreased 2.18 percent compared to an increase of 0.63 percent in the month of May.
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