Property prices for sale in Al Furjan (Dubai)
The prices in real estate in Al Furjan, in the Dubai 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 Al Furjan has had a strong decrease during the last 6 months. In April, the average price per sq.feet was AED 928. In May this price pretty much remained the same at a value of AED 925 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 926.5 to AED 893.5 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 910 to AED 455 during August, and September.
Based upon to the price in Al Furjan (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is AED 2,005,571. In May This price remains at AED 2,097,353. During the following two months (June, July) the average price fell 94 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 1,985,607 to AED 988,489.5, which means a 50 % fall.
