The prices in real estate in Dubai Land, 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 Land has fallen in the last 6 months. In March, the average price per sq.feet was AED 539. In the following month the price per sq.feet increased considerably to AED 624. The price for the following two months in (May, June) had a considerable decrease of 69 with regard to the prior two months. 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 492 to AED 474 during July y August
Based upon to the price in Dubai Land (cities), these have remained the same in the last 6 months. The price in March is AED 1,317,176, rising in April till AED 1,481,797. During the following two months (May, June) the average price had a considerable reduction of 83 % 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 1,281,073.25 and AED 1,312,353 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,137,652 they are 40 % more affordable than the average price for Dubai Land. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,484,853.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 9 / sq.feet, with an average AED 421 / sq.feet price in Dubai Land. The properties with the highest average prices have 4 bedrooms. They are 77 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 702 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,137,652 it is 43 % cheaper than the average price in Dubai Land. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 2,151,396 it is 691 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of AED 92 / sq.feet followed by "Land" priced at AED 419 / sq.feet. "Villa" is the most costly type of property with a AED 725 / sq.feet cost followed by "Townhouse" with an average price of AED 693 / sq.feet.