IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2015_39.html
   My bibliography  Save this paper

Residential valuation systems in the United Arab Emirates

Author

Listed:
  • Ebraheim Lahbash
  • Simon Huston

Abstract

Since 1996, real estate development has transformed the United Arab Emirates (UAE) into a regional trade and logistics hub. Between January 2003 and December 2010 Dubai Residential Property Price Index (DRPPI) rose from 100 to a heady 240 in 2008 and then dropped back to 156.19 by 2010. The value of two bedroom apartments in the iconic 'Burj Khalif, the world's tallest building, rose to $3,811 and fell back down to $762 per per square foot. During the 2008 property collapse, residential prices in Dubai fell around 50% and by 2010, exhibitors at Cityscape dropped from 1,000 to 200. Property values in the UAE are exposed to strategic risks, sentiment, oil price fluctuations and the movement of global capital into and out of the trading hub. Internally, each emirate has distinct spatial and evolving sub-markets. Recognising the volatile backdrop and high information costs, the research seeks to develop a robust residential property valuation system for the UAE.

Suggested Citation

  • Ebraheim Lahbash & Simon Huston, 2015. "Residential valuation systems in the United Arab Emirates," ERES eres2015_39, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2015_39
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2015-39
    Download Restriction: no
    File URL: https://eres.architexturez.net/system/files/eres2015_39.content.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2015_39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.