The prices in real estate in Dubai Investment Park, 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 Investment Park has remained the same in the last 6 months. In February, the average price per sq.feet was AED 737. In the following month the price per sq.feet decreased to AED 671. In the following two months the price per sq.feet has barely changed, going from AED 704 to AED 719.5 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 711.75 to AED 715 during June y July
Based upon to the price in Dubai Investment Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is AED 1,331,431. During March the price went through a considerable rise reaching AED 2,043,590. During the following two months (April, May) the price has had an average incrementation from AED 1,687,510.5 to AED 1,877,012. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from AED 1,782,261.25 to AED 1,594,353.5 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 1,415,671 they are 44 % more affordable than the average price for Dubai Investment Park. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,558,221.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of AED 710 / sq.feet, with an average AED 709 / sq.feet price in Dubai Investment Park. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 749 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,415,671 it is 78 % cheaper than the average price in Dubai Investment Park. "Flat" is seen as the second most affordable property type. The dearest property type is "Building" followed by "Commercial". At a price of AED 8,722,278 it is 1917 % 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 570 / sq.feet followed by "Building" priced at AED 673 / sq.feet. "Studio" is the most costly type of property with a AED 877 / sq.feet cost followed by "Commercial" with an average price of AED 810 / sq.feet.