The prices in real estate in Dubai Hills, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Dubai Hills has fallen in the last 6 months. In February, the average price per sq.feet was AED 1,224. In the following month the price per sq.feet decreased to AED 1,146. In the following two months the price per sq.feet has barely changed, going from AED 1,185 to AED 1,154 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 1,169.5 to AED 1,166 during June y July
Based upon to the price in Dubai Hills (cities), this has fallen considerably in the last 6 months. The average price for February is AED 3,194,792. During March the price had a considerable reduction till AED 2,107,035. During the following two months (April, May) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from AED 2,406,634 to AED 2,161,734.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,130,388 they are 46 % more affordable than the average price for Dubai Hills. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,285,287.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 890 / sq.feet, with an average AED 1,180 / sq.feet price in Dubai Hills. The properties with the highest average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,142 / sq.feet.
With regard to the average price based upon the property in Dubai Hills we can see that the cheapest property type is "Apartment" at a price of AED 1,646,959, they are 23 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 23 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Apartment with an average price of AED 1,292 / sq.feet. "Apartment" at an average price of AED 1,292 / sq.feet has the most expensive price and would be directed at more affluent cities.