Real Residential Property Prices for United Arab Emirates
QAER771BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.17
Year-over-Year Change
-3585.67%
Date Range
1/1/2004 - 1/1/2024
Summary
The Real Residential Property Prices for United Arab Emirates tracks the changes in residential real estate values over time, providing insights into the health of the country's housing market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index measures the inflation-adjusted prices of residential properties in the United Arab Emirates, offering a gauge of the real estate sector's performance. It is used by policymakers, investors, and analysts to assess housing affordability and market trends.
Methodology
The data is collected and calculated by the Bank for International Settlements.
Historical Context
The index is a key indicator for monitoring the UAE's economic conditions and real estate market dynamics.
Key Facts
- The base year for the index is 2010.
- The UAE has seen significant growth in its real estate sector in recent decades.
- Residential property prices are a critical factor in evaluating the country's economic performance.
FAQs
Q: What does this economic trend measure?
A: The Real Residential Property Prices for United Arab Emirates index tracks the inflation-adjusted prices of residential real estate in the country.
Q: Why is this trend relevant for users or analysts?
A: The index provides insight into the health and affordability of the UAE's housing market, which is a key driver of the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this index to monitor housing affordability and inform decisions related to the UAE's real estate and economic policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, and there may be lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for United Arab Emirates (QAER771BIS), retrieved from FRED.