House Prices/GDP per Capita in United Arab Emirates compared to Middle East
United Arab Emirates: House price to income ratio
The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.
The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.
The United Arab Emirates does not publish house price statistics. Colliers International publishes a quarterly Dubai house price index and REIDIN has a monthly Dubai house sales price index. General economics statistics are available from the Central Bank of United Arab Emirates.