The prices in real estate in Al Furjan, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Al Furjan has increased during the last 6 months. In April, the average price per sq.feet was AED 791. In the following month the price per sq.feet increased to AED 840. In the following two months the price per sq.feet has increased 106 %, going from AED 815.5 to AED 863 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 839.25 to AED 860 during August y September
Based upon to the price in Al Furjan (cities), these have remained the same in the last 6 months. The price in April is AED 1,634,651, rising in May till AED 1,733,557. In the following two months the average price has remained the same with regard to the previous two months from AED 1,684,104 to AED 1,646,585.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from AED 1,665,344.75 to AED 1,545,697 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,534,061 they are 50 % more affordable than the average price for Al Furjan. The properties with the highest average price have 4 bedrooms, Their price is 119 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,207,293.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 743 / sq.feet, with an average AED 884 / sq.feet price in Al Furjan. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 907 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,534,061 it is 71 % cheaper than the average price in Al Furjan. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of AED 2,219,040 it is 92 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 246 / sq.feet followed by "Villa" priced at AED 722 / sq.feet. "Studio" is the most costly type of property with a AED 1,045 / sq.feet cost followed by "Apartment" with an average price of AED 932 / sq.feet.