Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population9.16 million9.09 million9.04 million
WDI
A.1.1
Urban population (% of total)85.54% of total85.27% of total84.98% of total
WDI
A.1.4
Urban population growth (annual %)1.1%.84%1.32%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)345,483 USD (millions)399,451 USD (millions)387,192 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)647,823 USD (millions)617,138 USD (millions)580,627 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)36,060.02 USD 42,943.78 USD 42,874.6 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)67,616.88 USD 66,346.63 USD 64,294.08 USD
WEO
A.2.4
GDP, constant prices (Percent change)3.93%4.57%4.32%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.63%3.22%1.73%
WEO
A.2.6
GDP, deflator (Index)105.71127.03128.76
WEO
A.2.7
Consumer price index109.35105.07102.66
WDI
A.2.8
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Unemployed 3.8%4.2%
IFS
A.2.14.3
Interest Rates:A.2.15
Average bank deposit rate  2.42%
IFS
A.2.15.4
Lending rate  4.75%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Total  .46 million
UAE Housing Census 2012
B.1.1.1
Total Urban  .2 million
UAE Housing Census 2005
B.1.1.2
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Estimated Number of units completed/yearB.1.5
Formal sector/registered6,399 units5,035 units B.1.5.1
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


back to top | Country Data:
Notes: 2013 Figures available only till September
Notes: 2013 figures available only till September
Notes: Al Etihad Credit Bureau started operations in May 2014
Notes: Central Bank
Notes: Central Bank
Notes: Dubai and Ras Al Kamiah do not fall under the same legal system.
Notes: Dubai and Ras Al Kamiah do not fall under the same legal system.
Notes: For Nationals: Property under US$1.36 mn - LTV 80%, above 1.36 mn- LTV 70%. For Expatriates - 75% ,65% respectively
Notes: For Nationals: Property under US$1.36 mn - LTV 80%, above 1.36 mn- LTV 70%. For Expatriates - 75% ,65% respectively
Notes: Funding from foreign banks and corporations
Notes: Funding from foreign banks and corporations
Notes: Funding from foreign banks and corporations
Notes: Funding from foreign banks and corporations
Notes: Grants to buy houses are issued for low-income households
Notes: Grants to buy houses are issued for low-income households
Notes: Grants to buy houses are issued for low-income households
Notes: Grants to buy houses are issued for low-income households
Notes: Interest free loans are offered under SZHP Program
Notes: Interest free loans are offered under SZHP program
Notes: Interest free loans are offered under SZHP Program
Notes: Interest free loans are offered under SZHP Program
Notes: LTV values are capped at 80%
Notes: LTV Values are capped at 80%
Notes: LTV values are capped at 80%
Notes: LTV values are capped at 80%
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit