REIDIN released its Dubai and Abu Dhabi Residential Property Price Indices for February 2016. In Dubai, the general index covering all sold residential units dropped by 1.7% M-o-M and 10.0% Y-o-Y (+0.1% M-o-M, -9.6% Y-o-Y in January), with apartment sales prices down 1.8% M-o-M and 9.6% Y-o-Y (-0.2% M-o-M, -9.7% Y-o-Y in January), and sales prices for villas fell 1.2% M-o-M and 11.5% Y-o-Y (+1.2% M-o-M, -8.9% Y-o-Y in January). As for the rental market, rates fell 0.9% M-o-M and 5.4% Y-o-Y (-1.6% M-o-M, -5.3% Y-o-Y in January), with apartment rental prices -1.2% M-o-M and -5.4% Y-o-Y (-1.7% M-o-M, -5.2% Y-o-Y in January), while rental prices for villas inched up 0.3% M-o-M, but -5.7% Y-o-Y (-1.0% M-o-M, -5.9% Y-o-Y in January).   In Abu Dhabi, the general index for all sold residential units fell 0.3% M-o-M, but up by 0.6% Y-o-Y (+0.6% M-o-M, +0.1% Y-o-Y in January), with apartment sales prices inching down by 0.3% M-o-M and 1.9% Y-o-Y (+0.9% M-o-M, -2.6% Y-o-Y in January), and sales prices for villas fell 0.4% M-o-M but rose 3.5% Y-o-Y (+0.1% M-o-M, +3.1% Y-o-Y in January). As for the rental market, prices rose 1.7% M-o-M and 0.9% Y-o-Y (+2.1% M-o-M, -1.8% Y-o-Y in January), with apartment rental prices rising 2.1% M-o-M and 0.7% Y-o-Y (+2.3% M-o-M, -0.9% Y-o-Y in January), and rental prices for villas rose 1.0% M-o-M and 1.7% Y-o-Y (+1.9% M-o-M, -1.6% Y-o-Y in January). (REIDIN)