The prices in real estate in Culture Village, 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 Culture Village has remained the same in the last 6 months. In October, the average price per sq.feet was AED 1,813. In the following month the price per sq.feet increased to AED 1,955. In the following two months the price per sq.feet has barely changed, going from AED 1,884 to AED 1,936.5 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 1,910.25 to AED 1,779.5 during February, and March.
Based upon to the price in Culture Village (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is AED 2,933,439. During November the price went through a considerable rise reaching AED 3,546,569. During the following two months (December, January) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from AED 3,557,379.5 to AED 3,355,123 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,720,457 they are 58 % more affordable than the average price for Culture Village. The properties with the highest average price have 4 bedrooms, Their price is 180 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 5,365,131.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,490 / sq.feet, with an average AED 1,797 / sq.feet price in Culture Village. The properties with the highest average prices have 4 bedrooms. They are 29 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 2,097 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 3,720,457 it is 75 % cheaper than the average price in Culture Village. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Flat". At a price of AED 4,060,119 it is 189 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Studio" at an average cost of AED 1,614 / sq.feet followed by "Flat" priced at AED 1,653 / sq.feet. "House" is the most costly type of property with a AED 1,864 / sq.feet cost followed by "Apartment" with an average price of AED 1,802 / sq.feet.