Property prices for sale in Al Rashidiya (Dubai)

The prices in real estate in Al Rashidiya, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

AED 736,970.33
Average price last 6 months
AED 417.67
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Al Rashidiya has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 335. In the following month the price per sq.feet increased to AED 359. The price for the following two months in (May, June) had a considerable increment of 129 %. The price per sq.feet has had a considerable increase of 115 % 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 397.5 to AED 458 during July, and August.

Average price

Based upon to the price in Al Rashidiya (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is AED 672,343. During April the price went through a considerable rise reaching AED 809,940. During the following two months (May, June) the average price fell 95 % 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 107 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 785,171 they are 22 % more affordable than the average price for Al Rashidiya. The properties with the highest average price have 4 bedrooms, Their price is 118 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 948,376.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 387 / sq.feet, with an average AED 475 / sq.feet price in Al Rashidiya. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 482 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 785,171 it is 48 % cheaper than the average price in Al Rashidiya. "Studio" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Studio". At a price of AED 1,606,013 it is 328 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 269 / sq.feet followed by "Apartment" priced at AED 294 / sq.feet. "Studio" is the cheapest type of property with a AED 370 / sq.feet value followed by "Apartment" with an average price of AED 294 / sq.feet.

Charts data
Average price August
Average price per sq.feet August
Number of properties used in Al Rashidiya
Number of properties used in region Dubai
AED 785,171
AED 475
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value