Name: Dubai Statistics Center
Address: Dubai International Academic City (DIAC) Academic City Road Block #12, Dubai, 121222
Telephone: 800 DSC (372)

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DDSE > Dubai Statistics Center > Programs & Statistical Surveys > Statistical Project Details

Themes

Property Price Index

The real estate price index is considered one of the most important indices that measure the performance of the real estate market. The objectives of the real estate price index and the importance of its uses can be summarized as follows: - Real estate price indices are accurate statistical indicators that are reliable for measuring the performance of the real estate market. - The real estate price index is also widely used as an indicator to measure inflation trends and economic recession and as an alternative to the general index of inflation in the economy as a whole due to the recent nature of its production. - Fulfilling national and international requirements and the needs of researchers and scholars in the field of real estate research. - It is used in national accounts as an indicator that is relied upon in estimations and extracting the impact of price changes in the real estate sector on the gross domestic product of this sector."

Metadata
Reports
Methodology

1.1

Contact organization

Dubai Statistics Center

1.2

Contact organization unit

Prices and Cost of living Section

1.3

Contact name

Corporate Communication & Customer Service Section

1.4

Contact person function

Customer Care

1.5

Contact mail address

P.O.Box: 121222 Dubai, UAE

1.6

Contact email address

info@dsc.gov.ae

1.7

Contact phone number

800 DSC (372)

1.8

Contact fax number

009714 4290232

2.1

Metadata last certified

30/09/2024

2.2

Metadata last posted

09/10/2024

2.3

Metadata last update

03/10/2024

3.1

Data description

The real estate price index is considered one of the most important indices that measure the performance of the real estate market. The objectives of the real estate price index and the importance of its uses can be summarized as follows:
- Real estate price indices are accurate statistical indicators that are reliable for measuring the performance of the real estate market.
- The real estate price index is also widely used as an indicator to measure inflation trends and economic recession and as an alternative to the general index of inflation in the economy as a whole due to the recent nature of its production.
- Fulfilling national and international requirements and the needs of researchers and scholars in the field of real estate research.
- It is used in national accounts as an indicator that is relied upon in estimations and extracting the impact of price changes in the real estate sector on the gross domestic product of this sector."

3.2

Classification

Classification of properties according to the classification approved by the Land Department

3.3

Sector coverage

Residential and commercial properties represented according to the classification approved by the Land Department at the Emirate of Dubai.

3.4

Statistical concepts and definitions

Property Price Index:
The average proportional changes in the prices of properties between two time periods.
Base Period:
The time period that is compared to the current period. The base period is determined according to the available data, taking into account the necessity of it being a year characterised by economic stability, and free from abnormal price fluctuations.
Base Period Prices:
The prices of goods and services to which the current prices are compared.
Relative importance (weights):
It represents the relative importance, and is used in mathematical operations to calculate the index.
Hedonic Regression Method:
Is a statistical technique used to estimate the value of goods that heterogeneous goods can be described by their attributes
or characteristics.

3.5

Statistical unit

Prices of properties in Emirate of Dubai

3.6

Statistical population

Detailed data on real estate sale prices is based on the Tabu database of the Land Department, which is considered a primary source of data. It includes details of real estate sale prices according to the approved classification by value in UAE Dirhams and area in square meters.

3.7

Reference area

Emirate of Dubai

3.8

Time coverage

Data are available from 2020

3.9

Base period

2019

• Index (2019=100)
• Percentage change

- Quarterly
- Annually

6.1

Legal acts and other agreements

Dubai Statistics Center is the main source of statistics at the emirate's level. It collects and categorizes statistical data and information, analyzes it, prepares statistical bulletins, indicators and reports, organizes statistical work and surveys. For more information, please see Law No. (28) concerning Dubai Statistics Center

You can view the law from the following link

6.2

Data sharing

The data are shared with the local Government Federal Competitiveness and Statistics Authority

7.1

Confidentiality - policy

Data Confidentiality is governed by Law No. (28) of 2015 on the Dubai Statistics Center Article (9) of the Law "Confidentiality of Statistical Data"

You can view the law from the following link

7.2

Confidentiality - data treatment

You can view the Corporate Information Security Policy Statement from the following link

8.1

Release calendar

The reports of the project are published Quarterly.

8.2

Release calendar access

You can view the statistical calendar through the following link

8.3

User access

You can view the Statistical Dissemination Policy from the link

- Quarterly
- Annually

10.1

News release

Official website / newspapers / social media

10.3

On-line database

Available under specific authorities for certain parties

10.4

Micro-data access

Detailed data is not published for reasons of data confidentiality. Only aggregate data is available for public publication.

10.5

Other

10.6

Documentation on methodology

Property Price Index Methodology

The project has been implemented in accordance with the GSBPM methodology. All dimensions of statistical quality have been taken into account in accordance with the Charter of Statistical Data Quality of the Emirate of Dubai and adopted by the Center, especially those related to accuracy, objectivity and comparability. The classifications and methodologies used make the results of this project comparable at all national levels. It is based on the same standard classifications, methodologies and standard concepts.

You can view the Statistical Data Quality Frame through the link

12.1

User needs

Measure the performance of the real estate market. Other objectives of the real estate price index and the importance of its uses can be summarized as follows:
- Real estate price indices are accurate statistical indicators that are reliable for measuring the performance of the real estate market.
- The real estate price index is also widely used as an indicator to measure inflation trends and economic recession and as an alternative to the general index of inflation in the economy as a whole due to the recent nature of its production.
- Fulfilling national and international requirements and the needs of researchers and scholars in the field of real estate research.
- It is used in national accounts as an indicator that is relied upon in estimations and extracting the impact of price changes in the real estate sector on the gross domestic product of this sector."

18.1

Source data

Regestry Data

18.2

Frequency of data collection

Quarterly

18.3

Data collection

From Tabu database of the Land Department

18.4

Data validation

Property Price Index Methodology

18.5

Data compilation

Property Price Index Methodology

18.6

Adjustment

Property Price Index Methodology

2024 2023 2022 2021 2020

Title	Publishing Year	File Type	File Type	Metadata
Residential Property Price Index	2024
Commercial Property Price Index	2024
Quarterly percentage change in Residential Property Price Index	2024
Quarterly percentage change in Commercial Property Price Index	2024
Annual percentage change in Residential Property Price Index	2024
Annual percentage change in Commercial Property Price Index	2024
Residential Property Price Index	2023
Commercial Property Price Index	2023
Quarterly percentage change in Residential Property Price Index	2023
Quarterly percentage change in Commercial Property Price Index	2023
Annual percentage change in Residential Property Price Index	2023
Annual percentage change in Commercial Property Price Index	2023
Residential Property Price Index	2022
Quarterly percentage change in Residential Property Price Index	2022
Quarterly percentage change in Commercial Property Price Index	2022
Annual percentage change in Residential Property Price Index	2022
Annual percentage change in Commercial Property Price Index	2022
Commercial Property Price Index	2022
Commercial Property Price Index	2021
Quarterly percentage change in Residential Property Price Index	2021
Quarterly percentage change in Commercial Property Price Index	2021
Annual percentage change in Residential Property Price Index	2021
Annual percentage change in Commercial Property Price Index	2021
Residential Property Price Index	2021
Quarterly percentage change in Residential Property Price Index	2020
Quarterly percentage change in Commercial Property Price Index	2020
Annual percentage change in Commercial Property Price Index	2020
Residential Property Price Index	2020
Commercial Property Price Index	2020
Annual percentage change in Residential Property Price Index	2020