Property prices in Dubai increased by more than 22 % in the 12 months to the end of November 2013, according the latest index.

Dubai property prices up over percent 22 in 2013, latest data shows!

Property prices in Dubai increased by more than 22% in the 12 months to the end of November 2013, according the latest index.

On an annual basis they are up 22.4% and on a monthly basis they are up 2.44% compared with October, according to the data from REIDIN which measures the average change in house prices in certain districts in Dubai.

Apartment prices increased by 2.9% in November on a month on month basis and were up by 24.5% on an annual basis, the index also showed.

Villa sales prices registered an increase of 0.73% compared to the previous month and were 14.9% higher than in November 2012.

The REIDIN rental index showed Dubai rents rose 1.33% in November and were up by 16.6% compared to the year earlier period.

Apartment rents showed an increase of 1.37% month on month and 17.6% year on year while villa rents rose by 1.11% and 12.6% respectively.

In Abu Dhabi, the index showed prices rose by 1.96% in November compared to October and were up by 19.7% on an annual basis.

Apartment sales prices registered an increase of 1.77% in November and 21% compared to November 2012 while villa prices rose 2.04% and 16.5% respectively.

Rental values in the UAE capital also rose in November by 0.88%, resulting in a 3.7% increase on an annual basis, the REIDIN data showed.

Apartment rents increased 1.73% in November and by 9% compared to November 2012 while villa rents increased 0.63% and 4.6% respectively.

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