The prices in real estate in Bluewaters, 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.
The price per sq.feet in Bluewaters has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 2,093. In April this price pretty much remained the same at a value of AED 2,053 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 2,073 to AED 2,050 per sq.feet. The price per sq.feet has had a considerable increase of 1081 % 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 2,061.5 to AED 22,281.5 during July, and August.
Based upon to the price in Bluewaters (cities), this has gone downing the last 6 months. The average price for March is AED 4,780,842. During April the price had a slight fall till AED 4,287,413. During the following two months (May, June) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 4,255,956 and AED 4,239,419.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,979,368 they are 37 % more affordable than the average price for Bluewaters. The properties with the highest average price have 4 bedrooms, Their price is 116 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,279,773.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 21,496 / sq.feet, with an average AED 23,036 / sq.feet price in Bluewaters. The properties with the highest average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 22,853 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,979,368 it is 10 % cheaper than the average price in Bluewaters. "Flat" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Townhouse". At a price of AED 13,381,667 it is 528 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 2,293 / sq.feet followed by "Townhouse" priced at AED 18,998 / sq.feet. "Penthouse" is the most costly type of property with a AED 28,937 / sq.feet cost followed by "Apartment" with an average price of AED 23,244 / sq.feet.