The prices in real estate in Dubai Land, 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 Land has remained the same in the last 6 months. In October, the average price per sq.feet was AED 875. In November this price pretty much remained the same at a value of AED 846 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 860.5 to AED 864.5 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 862.5 to AED 874 during February y March
Based upon to the price in Dubai Land (cities), this has gone downing the last 6 months. The average price for October is AED 2,366,611. During November the price had a considerable reduction till AED 1,742,562. During the following two months (December, January) the price has had an average incrementation from AED 2,054,586.5 to AED 2,166,594. 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 2,110,590.25 and AED 2,175,933 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,203,485 they are 66 % more affordable than the average price for Dubai Land. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,234,079.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 625 / sq.feet, with an average AED 838 / sq.feet price in Dubai Land. The properties with the highest average prices have 4 bedrooms. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 864 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,203,485 it is 78 % cheaper than the average price in Dubai Land. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of AED 4,343,426 it is 145 % 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 477 / sq.feet followed by "Apartment" priced at AED 785 / sq.feet. "Villa" is the most costly type of property with a AED 7,188 / sq.feet cost followed by "Townhouse" with an average price of AED 6,800 / sq.feet.