The prices in real estate in Dubai Harbour, 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 Dubai Harbour has remained the same in the last 6 months. In July, the average price per sq.feet was AED 18,919. In the following month the price per sq.feet increased to AED 19,981. In the following two months the price per sq.feet has barely changed, going from AED 19,450 to AED 18,625 per sq.feet. The price per sq.feet has increased 106 % 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 19,037.5 to AED 20,249 during November, and December.
Based upon to the price in Dubai Harbour (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is AED 2,700,009. In August This price remains at AED 2,593,174. During the following two months (September, October) the average price fell 94 % 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 2,563,302.25 and AED 2,563,130.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,739,253 they are 45 % more affordable than the average price for Dubai Harbour. The properties with the highest average price have 4 bedrooms, Their price is 121 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,170,565.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 20,610 / sq.feet, with an average AED 20,696 / sq.feet price in Dubai Harbour. 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 23,705 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,739,253 it is 17 % cheaper than the average price in Dubai Harbour. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Flat". At a price of AED 2,264,041 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 1,965 / sq.feet followed by "Apartment" priced at AED 21,698 / sq.feet. "Apartment" is the most costly type of property with a AED 21,698 / sq.feet cost followed by "Flat" with an average price of AED 1,965 / sq.feet.