The prices in real estate in Arabian Ranches, 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 Arabian Ranches has had a strong decrease during the last 6 months. In December, the average price per sq.feet was AED 5,804. In the following month the price per sq.feet decreased to AED 5,105. The price for the following two months in (February, March) had a considerable decrease of 25 with regard to the prior two months. 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 3,403.75 to AED 3,364 during April y May
Based upon to the price in Arabian Ranches (cities), this has gone up considerably in the last 6 months. The price in December is AED 2,982,186, rising in January till AED 3,278,161. During the following two months (February, March) the average price had a considerable increase of 133 % 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 112 % 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 4,109,610 they are 86 % more affordable than the average price for Arabian Ranches. The properties with the lowest average price have 4 bedrooms, Their price is 27 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,078,486.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 581 / sq.feet, with an average AED 2,101 / sq.feet price in Arabian Ranches. The properties with the highest average prices have 4 bedrooms. They are 152 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 3,301 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 4,109,610 it is 78 % cheaper than the average price in Arabian Ranches. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 2,199,947 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of AED 667 / sq.feet followed by "Apartment" priced at AED 973 / sq.feet. "Townhouse" is the most costly type of property with a AED 10,199 / sq.feet cost followed by "Villa" with an average price of AED 3,243 / sq.feet.