Property Monitor Dynamic Price Index (DPI)

 

Release

Secondary Market Transfers
Jan 2020
1,189
up-to-date
Off Plan Transfers
Jan 2020
1,179
up-to-date
Al Furjan - Apartments
AED 1,185,822 Med. Price
2.20%
month-on-month
Al Furjan - Villas
AED 2,618,379 Med. Price
-1.00%
month-on-month
Al Habtoor City
AED 2,060,061 Med. Price
-1.26%
month-on-month
Al Khail Heights
AED 725,334 Med. Price
1.09%
month-on-month
Al Sufouh
AED 1,000,372 Med. Price
0.00%
month-on-month
Arabian Ranches
AED 1,869,210 Med. Price
-2.33%
month-on-month
Arabian Ranches 2
AED 3,591,489 Med. Price
-2.77%
month-on-month
Barsha Heights (Tecom)
AED 1,448,794 Med. Price
8.69%
month-on-month
Business Bay
AED 1,467,444 Med. Price
-6.03%
month-on-month
City Walk
AED 3,018,288 Med. Price
-0.27%
month-on-month
Culture Village - Apartments
AED 1,550,643 Med. Price
-3.46%
month-on-month
Damac Hills (Akoya By Damac) - Apartments
AED 1,345,759 Med. Price
-3.32%
month-on-month
Damac Hills (Akoya By Damac) - Villas
AED 3,321,360 Med. Price
-0.23%
month-on-month
Discovery Gardens
AED 421,592 Med. Price
-0.41%
month-on-month
Downtown Burj Khalifa
AED 1,761,540 Med. Price
-1.67%
month-on-month
Dubai Festival City
AED 2,498,362 Med. Price
-0.79%
month-on-month
Dubai Investments Park - Apartments
AED 1,149,527 Med. Price
-11.71%
month-on-month
Dubai Investments Park - Villas
AED 3,034,883 Med. Price
-0.56%
month-on-month
Dubai Marina
AED 1,411,479 Med. Price
-0.64%
month-on-month
Dubai Residence Complex
AED 520,213 Med. Price
-0.19%
month-on-month
Dubai Science Park (DuBiotech) - Apartments
AED 1,350,209 Med. Price
1.40%
month-on-month
Dubai Science Park (DuBiotech) - Villas
AED 3,674,460 Med. Price
2.70%
month-on-month
Dubai Silicon Oasis - Apartments
AED 512,975 Med. Price
-0.77%
month-on-month
Dubai Silicon Oasis - Villas
AED 2,793,820 Med. Price
-3.14%
month-on-month
Dubai South (Dubai World Central) - Apartments
AED 848,691 Med. Price
-3.03%
month-on-month
Dubai South (Dubai World Central) Townhouses
AED 1,496,732 Med. Price
4.86%
month-on-month
Dubai Sports City - Apartments
AED 634,920 Med. Price
0.67%
month-on-month
Dubai Sports City - Villas
AED 3,334,165 Med. Price
-1.67%
month-on-month
Dubai Studio City
AED 770,330 Med. Price
0.72%
month-on-month
Emirates Living - Apartments
AED 1,084,248 Med. Price
-1.21%
month-on-month
Emirates Living - Villas
AED 3,925,430 Med. Price
-1.76%
month-on-month
Falcon City of Wonders
AED 2,314,100 Med. Price
-8.91%
month-on-month
IMPZ
AED 403,798 Med. Price
-4.02%
month-on-month
International City
AED 307,244 Med. Price
0.28%
month-on-month
Jumeirah Beach Residence
AED 1,539,728 Med. Price
0.75%
month-on-month
Jumeirah Golf Estates - Apartments
AED 1,426,970 Med. Price
-3.85%
month-on-month
Jumeirah Golf Estates - Villas
AED 5,667,826 Med. Price
-19.69%
month-on-month
Jumeirah Islands
AED 5,137,200 Med. Price
-3.69%
month-on-month
Jumeirah Lakes Towers
AED 1,069,983 Med. Price
0.04%
month-on-month
Jumeirah Park
AED 3,312,046 Med. Price
-3.51%
month-on-month
Jumeirah Village Circle - Apartments
AED 688,943 Med. Price
-5.09%
month-on-month
Jumeirah Village Triangle - Apartments
AED 844,389 Med. Price
-4.19%
month-on-month
Jumeirah Village Triangle - Villas
AED 1,957,041 Med. Price
-2.36%
month-on-month
Living Legends
AED 924,980 Med. Price
-4.22%
month-on-month
Liwan
AED 530,307 Med. Price
-2.35%
month-on-month
Mirdif
AED 1,237,600 Med. Price
0.00%
month-on-month
Mohammed Bin Rashid City - Apartments
AED 1,568,124 Med. Price
-2.05%
month-on-month
Mohammed Bin Rashid City Townhouses
AED 3,220,983 Med. Price
-4.74%
month-on-month
Motor City - Apartments
AED 951,980 Med. Price
-0.52%
month-on-month
Motor City - Villas
AED 3,593,286 Med. Price
0.00%
month-on-month
Mudon
AED 3,078,121 Med. Price
-1.82%
month-on-month
Palm Jumeirah - Apartments
AED 2,552,930 Med. Price
-2.84%
month-on-month
Palm Jumeirah Fronds - Garden Homes
AED 12,736,781 Med. Price
-0.47%
month-on-month
Reem Townhouses
AED 1,744,084 Med. Price
-1.17%
month-on-month
Remraam
AED 752,226 Med. Price
0.25%
month-on-month
The Hills
AED 1,875,334 Med. Price
-2.33%
month-on-month
The Lagoons
AED 0 Med. Price
0.00%
month-on-month
The Villa
AED 2,869,200 Med. Price
-4.32%
month-on-month
Town Square - Apartments
AED 816,408 Med. Price
-1.15%
month-on-month
Town Square Townhouses
AED 1,444,873 Med. Price
0.73%
month-on-month
Full
6M
1Y
3Y
5Y

 

Property Monitor launches new ‘dynamic’ index to track property trends in Dubai

  • New index series intended for banking sector clients and property professionals
  • Property Monitor Dynamic Price Index to cover 42 geographic communities in Dubai
  • Indices leverage a vast pool of historic datasets, proprietary algorithms and machine learning
  • Dynamically repopulates by incorporating any new datapoint or dataset that becomes available

Property Monitor, the UAE’s only data platform backed by property professionals accredited by the Royal Institution of Chartered Surveyors (RICS), has announced the launch of the Property Monitor Dynamic Price Index (DPI) - a new real estate market index family covering property price movement in Dubai. Apart from providing a macro-level view of Dubai with January 2008 as the base period, the indices cover in depth 42 geographic communities of the emirate.

The next-generation family of indices leverages a vast pool of historic datasets, proprietary algorithms and machine learning to most accurately capture the underlying trend in property values. These datasets are intended for use by Property Monitor’s banking clients, regulators and other property professionals who require a level of accuracy and data integrity that goes beyond simplistic indices based primarily on ‘asking prices’.

As a unique feature, the DPI dynamically repopulates by incorporating any new datapoint or dataset that becomes available, overcoming any historical inaccuracies or misrepresentation of values and trends. Since it uses the fullest dataset available, the DPI will always reflect the most up-to-date and accurate information.

Speaking on the launch, Zhann Jochinke, Chief Operating Officer, Property Monitor said, “In emerging markets like ours, additional information often becomes available when historical data is digitised and when previously confidential datasets or those with limited access are made public. The Property Monitor Dynamic Price Index has been designed to dynamically reflect these additional datasets to provide the latest and most accurate view of the real estate market, which is a key pillar of the Dubai and UAE economy. Our latest innovation aims to provide a holistic solution to our banking sector clients and property professionals to help them take informed decisions and derive maximum benefits.”

To further limit the possibility of the distortion of data, DPI follows a strict cleansing process whereby extreme values, outliers and atypical, potentially erroneous data points are removed from the dataset.

The index family is calculated using a moving average algorithm of median prices and the Dutot price index formula. The 3-month rolling average allows the indices enough time to sufficiently react to the short-term price movements but prevents misrepresentations caused by one-off events such as the release of a large amount of property supply into the market or any unusual, high-value transactions.

The new indices naturally replace the previous generation of Property Monitor price movement and indexation products which were compiled in collaboration with leading property consultancy and chartered surveying firm Cavendish Maxwell.

Commenting on the launch, Sofia Underabi, Partner, Head of Residential Valuation at Cavendish Maxwell said, “Property Monitor is playing a lead role to fulfil the market’s objectives to implement enhanced automation techniques and achieve technological advancement. Key to its derived solution is Property Monitor’s understanding of local and international regulatory requirements along with the technologies required to align with the Fintech strategies of the region’s key sectors including banking and real estate. The new index family is a leap forward in this direction.”

The DPI will provide updates on a monthly basis, releasing findings within the first working week of the month.

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