The Dubai Land Department in accordance with the other stakeholders in the industry have come up with a monthly issue of the pricing trends of the secondary market which is known as Mo’Asher, which has been indexing all transactions from January 2012 and provides an easy and accurate indicator of where the marketing is heading and it pricing trends.
The pricing trends are calculated on the secondary transactions being recorded in the land department database which are segregated in terms of apartments and villas with a quarter-on-quarter, 6 months and 12 months frequency data.
Apart from Mo’Asher where mostly indexes are represented, there are other platforms as well like PropertyFinder’s House Prices, Bayut’s Trends, Property Monitor Pricing Index and Reidin Rebis which are connected to the land department as well and project transactions that have been recorded directly as raw data and as graphs to give a fair idea about the property value.
Mo’Asher reports on the other hand, also offers a valuable key finding that saves time of the readers who are not too data savvy and would like to extract learnings from the findings that are presented in more meaningful manner by the industry experts.
The methodology used to calculate the Property Price Index is standardized through Hedonic Imputation Index models that takes into account the Laspereyes method, Paasche method and Fisher method. These globally proven methods give a fair idea about the variables that affect the market pricing.
As a registered broker at Dubai Land Department, we also have our individual accounts that gives us access to some exclusive data and insights to the property pricing trends. And when we club it with our experience and knowledge in the industry, it makes it much easier to make informed decision when opting for a property or especially investing in it.
To stay updated about the latest pricing trends to learn more about how to use these publicly accessible tools, please feel free to get in touch with Homes 4 Life.