The prices in real estate in Culture Village, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Culture Village has increased during the last 6 months. In March, the average price per sq.feet was AED 1,797. In April this price pretty much remained the same at a value of AED 1,846 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from AED 1,821.5 to AED 1,928.5 per sq.feet. 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 1,875 to AED 1,872.5 during July y August
Based upon to the price in Culture Village (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is AED 3,720,457. In April This price remains at AED 3,748,362. In the following two months the average price has remained the same with regard to the previous two months from AED 3,734,409.5 to AED 3,897,057. 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 3,815,733.25 and AED 3,744,165 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 3,615,150 they are 56 % more affordable than the average price for Culture Village. The properties with the highest average price have 4 bedrooms, Their price is 223 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 5,177,963.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,558 / sq.feet, with an average AED 1,876 / sq.feet price in Culture Village. The properties with the highest average prices have 4 bedrooms. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 2,048 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,615,150 it is 10 % cheaper than the average price in Culture Village. "Flat" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "House". At a price of AED 11,964,035 it is 318 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Penthouse" at an average cost of AED 1,640 / sq.feet followed by "Flat" priced at AED 1,724 / sq.feet. "House" is the most costly type of property with a AED 2,075 / sq.feet cost followed by "Apartment" with an average price of AED 1,948 / sq.feet.