Western Asia: Property Prices Index by City 2023 Mid-Year

Chart: Price to Income Ratio
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Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Beirut, Lebanon 41.8 5.0 5.8 20.1 17.1 505.3 0.2
Tel Aviv-Yafo, Israel 22.3 2.2 2.4 45.4 41.3 165.3 0.6
Jerusalem, Israel 20.3 2.4 2.4 41.9 41.6 153.3 0.7
Istanbul, Turkey 18.4 5.6 6.7 17.8 14.9 465.7 0.2
Yerevan, Armenia 17.8 8.4 12.0 11.9 8.3 244.7 0.4
Baghdad, Iraq 15.8 4.6 5.8 21.7 17.2 163.1 0.6
Ramat Gan, Israel 15.4 3.1 3.7 32.2 26.7 109.8 0.9
Antalya, Turkey 14.8 7.4 11.3 13.5 8.9 280.8 0.4
Baku, Azerbaijan 14.6 5.7 6.3 17.5 15.8 160.0 0.6
Tbilisi, Georgia 13.9 10.8 12.8 9.3 7.8 179.6 0.6
Kuwait City, Kuwait 12.9 3.0 5.1 33.2 19.8 108.4 0.9
Izmir, Turkey 11.8 6.0 6.7 16.8 14.9 260.3 0.4
Eskisehir, Turkey 10.7 4.4 4.2 22.6 23.8 230.2 0.4
Batumi, Ajara, Georgia 10.7 9.2 11.3 10.9 8.9 152.3 0.7
Ankara, Turkey 10.4 7.3 7.6 13.7 13.2 226.1 0.4
Kayseri, Turkey 9.1 5.2 5.0 19.2 20.0 217.2 0.5
Haifa, Israel 9.0 3.0 3.0 33.3 32.9 66.1 1.5
Limassol, Cyprus 8.8 10.0 10.7 10.0 9.4 61.3 1.6
Amman, Jordan 8.3 5.8 7.2 17.4 13.8 80.5 1.2
Bursa, Turkey 7.8 6.9 5.6 14.5 17.7 181.1 0.6
Nicosia, Cyprus 7.3 5.6 6.4 17.9 15.7 48.7 2.1
Sharjah, United Arab Emirates 6.8 7.2 6.9 13.9 14.5 51.4 1.9
Larnaca, Cyprus 6.6 9.5 9.9 10.5 10.1 43.5 2.3
Doha, Qatar 6.0 8.4 6.7 11.9 14.9 43.6 2.3
Ramallah, Palestine 6.0 9.0 9.1 11.1 10.9 54.4 1.8
Abu Dhabi, United Arab Emirates 5.3 8.3 6.8 12.0 14.6 42.8 2.3
Muscat, Oman 4.1 7.8 8.3 12.9 12.0 32.0 3.1
Manama, Bahrain 4.1 10.3 11.3 9.7 8.9 39.3 2.5
Dubai, United Arab Emirates 3.5 11.1 11.0 9.0 9.1 25.5 3.9
Riyadh, Saudi Arabia 3.2 11.0 10.9 9.1 9.2 23.4 4.3
Jeddah (Jiddah), Saudi Arabia 3.1 7.9 8.2 12.6 12.2 23.2 4.3
Ad Dammam, Saudi Arabia 2.7 6.7 5.6 14.9 17.8 18.8 5.3