Property Monitor Dynamic Price Index (DPI)

 

Release

Secondary Market Transfers
Apr 2020
12
up-to-date
Off Plan Transfers
Apr 2020
48
up-to-date
Al Furjan - Apartments
AED 1,087,215 Med. Price
-1.81%
month-on-month
Al Furjan - Villas
AED 2,346,429 Med. Price
-9.21%
month-on-month
Al Habtoor City
AED 2,137,960 Med. Price
1.64%
month-on-month
Al Khail Heights
AED 652,134 Med. Price
-9.91%
month-on-month
Al Sufouh
AED 0 Med. Price
0.00%
month-on-month
Arabian Ranches
AED 1,921,455 Med. Price
2.99%
month-on-month
Arabian Ranches 2
AED 3,214,761 Med. Price
-6.48%
month-on-month
Barsha Heights (Tecom)
AED 1,422,400 Med. Price
3.29%
month-on-month
Business Bay
AED 1,425,888 Med. Price
-2.09%
month-on-month
City Walk
AED 2,763,488 Med. Price
-3.03%
month-on-month
Culture Village - Apartments
AED 1,413,080 Med. Price
-7.17%
month-on-month
Damac Hills (Akoya By Damac) - Apartments
AED 1,257,705 Med. Price
3.07%
month-on-month
Damac Hills (Akoya By Damac) - Villas
AED 3,289,424 Med. Price
-1.12%
month-on-month
Discovery Gardens
AED 408,560 Med. Price
-1.16%
month-on-month
Downtown Burj Khalifa
AED 1,719,678 Med. Price
-2.96%
month-on-month
Dubai Festival City
AED 2,286,344 Med. Price
-9.73%
month-on-month
Dubai Investments Park - Apartments
AED 1,189,582 Med. Price
0.90%
month-on-month
Dubai Investments Park - Villas
AED 3,015,293 Med. Price
-1.89%
month-on-month
Dubai Marina
AED 1,490,376 Med. Price
2.57%
month-on-month
Dubai Residence Complex
AED 524,844 Med. Price
2.21%
month-on-month
Dubai Science Park (DuBiotech) - Apartments
AED 1,512,110 Med. Price
13.80%
month-on-month
Dubai Science Park (DuBiotech) - Villas
AED 3,275,742 Med. Price
-5.95%
month-on-month
Dubai Silicon Oasis - Apartments
AED 479,825 Med. Price
-7.26%
month-on-month
Dubai Silicon Oasis - Villas
AED 2,674,830 Med. Price
-6.17%
month-on-month
Dubai South (Dubai World Central) - Apartments
AED 859,227 Med. Price
1.78%
month-on-month
Dubai South (Dubai World Central) Townhouses
AED 1,421,012 Med. Price
-1.11%
month-on-month
Dubai Sports City - Apartments
AED 604,120 Med. Price
0.05%
month-on-month
Dubai Sports City - Villas
AED 3,196,496 Med. Price
-1.83%
month-on-month
Dubai Studio City
AED 800,935 Med. Price
-0.33%
month-on-month
Emirates Living - Apartments
AED 1,038,072 Med. Price
-3.36%
month-on-month
Emirates Living - Villas
AED 3,870,518 Med. Price
-1.99%
month-on-month
Falcon City of Wonders
AED 2,030,860 Med. Price
-10.46%
month-on-month
IMPZ
AED 402,518 Med. Price
1.05%
month-on-month
International City
AED 300,027 Med. Price
0.50%
month-on-month
Jumeirah Beach Residence
AED 1,592,000 Med. Price
2.91%
month-on-month
Jumeirah Golf Estates - Apartments
AED 1,461,240 Med. Price
0.35%
month-on-month
Jumeirah Golf Estates - Villas
AED 5,535,684 Med. Price
-0.18%
month-on-month
Jumeirah Islands
AED 5,090,400 Med. Price
-2.26%
month-on-month
Jumeirah Lakes Towers
AED 1,023,197 Med. Price
-2.54%
month-on-month
Jumeirah Park
AED 3,134,036 Med. Price
-2.24%
month-on-month
Jumeirah Village Circle - Apartments
AED 624,234 Med. Price
-3.65%
month-on-month
Jumeirah Village Triangle - Apartments
AED 818,587 Med. Price
0.76%
month-on-month
Jumeirah Village Triangle - Villas
AED 1,934,528 Med. Price
-0.71%
month-on-month
Living Legends
AED 928,355 Med. Price
4.11%
month-on-month
Liwan
AED 487,120 Med. Price
1.02%
month-on-month
Mirdif
AED 1,237,600 Med. Price
0.00%
month-on-month
Mohammed Bin Rashid City - Apartments
AED 1,838,411 Med. Price
-0.41%
month-on-month
Mohammed Bin Rashid City Townhouses
AED 4,244,137 Med. Price
1.22%
month-on-month
Motor City - Apartments
AED 964,346 Med. Price
1.93%
month-on-month
Motor City - Villas
AED 3,745,810 Med. Price
0.00%
month-on-month
Mudon
AED 3,034,329 Med. Price
-1.04%
month-on-month
Palm Jumeirah - Apartments
AED 2,411,720 Med. Price
-5.69%
month-on-month
Palm Jumeirah Fronds - Garden Homes
AED 11,229,171 Med. Price
0.58%
month-on-month
Reem Townhouses
AED 1,677,198 Med. Price
-2.83%
month-on-month
Remraam
AED 718,454 Med. Price
-2.42%
month-on-month
The Hills
AED 1,845,590 Med. Price
-0.72%
month-on-month
The Lagoons
AED 0 Med. Price
0.00%
month-on-month
The Villa
AED 2,929,500 Med. Price
-1.99%
month-on-month
Town Square - Apartments
AED 832,016 Med. Price
1.50%
month-on-month
Town Square Townhouses
AED 1,434,780 Med. Price
0.39%
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.

Interested in Property Monitor?

Bloomberg Bloomberg RICS Tech RICS Apple News MSN News
Scroll Up