The prices in real estate in Dubai Harbour, 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 Dubai Harbour has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 1,984. In April this price pretty much remained the same at a value of AED 1,913 per sq.feet. The price for the following two months in (May, June) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1027 % 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 1,894 to AED 19,450 during July, and August.
Based upon to the price in Dubai Harbour (cities), these have remained the same in the last 6 months. The average price for March is AED 2,288,137. During April the price had a slight fall till AED 2,076,774. During the following two months (May, June) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 2,593,174 they are 40 % more affordable than the average price for Dubai Harbour. The properties with the highest average price have 4 bedrooms, Their price is 118 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,376,586.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 16,752 / sq.feet, with an average AED 19,981 / sq.feet price in Dubai Harbour. The properties with the highest average prices have 3 bedrooms. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 22,539 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,593,174 it is 11 % cheaper than the average price in Dubai Harbour. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Apartment". At a price of AED 2,486,556 it is 81 % 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 2,152 / sq.feet followed by "Apartment" priced at AED 22,050 / sq.feet. "Villa" is the most costly type of property with a AED 25,637 / sq.feet cost followed by "Apartment" with an average price of AED 22,050 / sq.feet.