Property prices for sale in Al Quoz (Dubai)
The prices in real estate in Al Quoz, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Al Quoz has remained the same in the last 6 months. In March, the average price per sq.feet was AED 647. In April this price pretty much remained the same at a value of AED 662 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 654.5 to AED 642.5 per sq.feet. The price per sq.feet has decreased 93 % 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 648.5 to AED 605.5 during July, and August.
Based upon to the price in Al Quoz (cities), this has gone up considerably in the last 6 months. The average price for March is AED 1,073,095. During April the price had a slight fall till AED 994,498. During the following two months (May, June) the average price had a considerable increase of 532 % 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 gone up 105 % 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 3,112,619 they are 73 % more affordable than the average price for Al Quoz. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,730,599.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 855 / sq.feet, with an average AED 564 / sq.feet price in Al Quoz. The properties with the highest average prices have 4 bedrooms. They are 2365 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,195 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,112,619 it is 21 % cheaper than the average price in Al Quoz. "Commercial" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Villa". At a price of AED 4,993,451 it is 258 % 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 216 / sq.feet followed by "Office" priced at AED 282 / sq.feet. "Apartment" is the most costly type of property with a AED 14,502 / sq.feet cost followed by "Villa" with an average price of AED 14,153 / sq.feet.
