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 March, the average price per sq.feet was AED 631. In April this price pretty much remained the same at a value of AED 644 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 78 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 568.75 to AED 575 during July y August
Based upon to the price in Dubai Silicon Oasis (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is AED 705,905. During April the price went through a considerable rise reaching AED 955,908. During the following two months (May, June) 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 pretty much remained the same with regard to the previous average values going from an average value of AED 755,353.25 and AED 763,966 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 837,804 they are 35 % more affordable than the average price for Dubai Silicon Oasis. The properties with the highest average price have 4 bedrooms, Their price is 246 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,152,532.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 473 / sq.feet, with an average AED 561 / sq.feet price in Dubai Silicon Oasis. The properties with the highest average prices have 4 bedrooms. They are 36 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 681 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 837,804 it is 57 % cheaper than the average price in Dubai Silicon Oasis. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Commercial". At a price of AED 810,294 it is 253 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of AED 387 / sq.feet followed by "Apartment" priced at AED 453 / sq.feet. "Office" is the most costly type of property with a AED 792 / sq.feet cost followed by "Studio" with an average price of AED 761 / sq.feet.