The prices in real estate in Deira, 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 Deira has increased strongly during the last 6 months. In July, the average price per sq.feet was AED 2,649. In the following month the price per sq.feet increased considerably to AED 3,829. The price for the following two months in (September, October) had a considerable decrease of 84 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 2,984 to AED 3,049.5 during November y December
Based upon to the price in Deira (cities), this has fallen considerably in the last 6 months. The average price for July is AED 15,271,447. During August the price had a considerable reduction till AED 11,135,705. During the following two months (September, October) the average price had a considerable reduction of 55 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 10,232,284 to AED 4,492,067.5, which means a 44 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of AED 3,348,135 they are 59 % more affordable than the average price for Deira. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 1 bedroom priced at AED 2,177,445.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 807 / sq.feet, with an average AED 4,210 / sq.feet price in Deira. The properties with the lowest average prices have 1 bedroom. They are 51 % cheaper than the average followed by properties with 4 bedrooms with a price at AED 948 / sq.feet.
The graph displaying the average prices displays the property type "Building" as the most affordable one. At an cost of AED 3,348,135 it is 58 % cheaper than the average price in Deira. "Flat" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of AED 18,313,895 it is 947 % 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 874 / sq.feet followed by "Apartment" priced at AED 999 / sq.feet. "Office" is the cheapest type of property with a AED 2,642 / sq.feet value followed by "Commercial" with an average price of AED 2,413 / sq.feet.