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 January, the average price per sq.feet was AED 1,772. In February this price pretty much remained the same at a value of AED 1,719 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,745.5 to AED 1,818 per sq.feet. The price per sq.feet has increased 108 % 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 1,781.75 to AED 1,921.5 during May, and June.
Based upon to the price in Culture Village (cities), these have remained the same in the last 6 months. The average price for January is AED 3,152,288. During February the price had a slight fall till AED 2,854,805. In the following two months the average price has remained the same with regard to the previous two months from AED 3,003,546.5 to AED 3,035,781.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 3,448,478 they are 54 % more affordable than the average price for Culture Village. The properties with the highest average price have 4 bedrooms, Their price is 176 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,963,895.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,541 / sq.feet, with an average AED 1,894 / sq.feet price in Culture Village. The properties with the highest average prices have 2 bedrooms. They are 24 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 2,324 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 3,448,478 it is 72 % 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 "Apartment". At a price of AED 3,058,325 it is 79 % 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 1,425 / sq.feet followed by "Studio" priced at AED 1,632 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,892 / sq.feet value followed by "Penthouse" with an average price of AED 1,666 / sq.feet.