The prices in real estate in Dubai Silicon Oasis, 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 Silicon Oasis has fallen in the last 6 months. In January, the average price per sq.feet was AED 815. In the following month the price per sq.feet decreased to AED 735. In the following two months the price per sq.feet has barely changed, going from AED 775 to AED 769 per sq.feet. The price per sq.feet has decreased 94 % 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 772 to AED 724.5 during May, and June.
Based upon to the price in Dubai Silicon Oasis (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is AED 748,180. In February This price remains at AED 778,365. In the following two months the average price has remained the same with regard to the previous two months from AED 763,272.5 to AED 775,793.5. 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 769,533 and AED 782,849 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 749,281 they are 9 % more affordable than the average price for Dubai Silicon Oasis. The properties with the highest average price have 4 bedrooms, Their price is 437 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,767,832.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 690 / sq.feet, with an average AED 749 / sq.feet price in Dubai Silicon Oasis. The properties with the highest average prices have 2 bedrooms. They are 46 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,030 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 749,281 it is 30 % cheaper than the average price in Dubai Silicon Oasis. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of AED 700,978 it is 61 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 413 / sq.feet followed by "Flat" priced at AED 578 / sq.feet. "Commercial" is the most costly type of property with a AED 761 / sq.feet cost followed by "Apartment" with an average price of AED 726 / sq.feet.