In 2024, the United Arab Emirates was the country with the highest nominal increase in house prices among the Middle Eastern and African countries under observation. In the first quarter of the year, house prices in the United Arab Emirates rose by over 18 percent annually, whereas globally, the increase was three percent. These figures are based on the development of the nominal house price index, with 2010 chosen as a baseline year. Furthermore, it is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower.
Annual percentage change in the house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024
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Bank for International Settlements. (September 26, 2024). Annual percentage change in the house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024 [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1498358/nominal-house-price-index-change-mea-by-country/
Bank for International Settlements. "Annual percentage change in the house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024." Chart. September 26, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1498358/nominal-house-price-index-change-mea-by-country/
Bank for International Settlements. (2024). Annual percentage change in the house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1498358/nominal-house-price-index-change-mea-by-country/
Bank for International Settlements. "Annual Percentage Change in The House Price Index (Nominal) in Select Countries in The Middle East and Africa (Mea) from 1st Quarter 2010 to 1st Quarter 2024." Statista, Statista Inc., 26 Sep 2024, https://www.statista.com/statistics/1498358/nominal-house-price-index-change-mea-by-country/
Bank for International Settlements, Annual percentage change in the house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024 Statista, https://www.statista.com/statistics/1498358/nominal-house-price-index-change-mea-by-country/ (last visited December 04, 2024)
Annual percentage change in the house price index (nominal) in select countries in the Middle East and Africa (MEA) from 1st quarter 2010 to 1st quarter 2024 [Graph], Bank for International Settlements, September 26, 2024. [Online]. Available: https://www.statista.com/statistics/1498358/nominal-house-price-index-change-mea-by-country/
