The prices in real estate in Ajman Centre, in the Ajman region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ajman Centre has had a strong decrease during the last 6 months. In February, the average price per sq.feet was AED 3,117. In the following month the price per sq.feet decreased to AED 2,793. The price for the following two months in (April, May) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 1,909.5 to AED 360 during June, and July.
Based upon to the price in Ajman Centre (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is AED 737,274. In March This price remains at AED 709,461. During the following two months (April, May) the average price had a considerable increase of 120 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,109,234 they are 70 % more affordable than the average price for Ajman Centre. The properties with the highest average price have 4 bedrooms, Their price is 569 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,134,898.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of AED 3,135 / sq.feet, with an average AED 373 / sq.feet price in Ajman Centre. The properties with the highest average prices have 1 bedroom. They are 1044 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 4,185 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 1,109,234 it is 52 % cheaper than the average price in Ajman Centre. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of AED 9,295,625 it is 820 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Villa" at an average cost of AED 393 / sq.feet followed by "Land" priced at AED 425 / sq.feet. "Townhouse" is the most costly type of property with a AED 2,300 / sq.feet cost followed by "Commercial" with an average price of AED 1,221 / sq.feet.