Property prices for sale in Dubai Waterfront (Dubai)
The prices in real estate in Dubai Waterfront, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Dubai Waterfront has increased strongly during the last 6 months. In July, the average price per sq.feet was AED 537. In the following month the price per sq.feet increased to AED 613. The price for the following two months in (September, October) had a considerable increment of 396 %. The price per sq.feet has had a considerable increase of 300 % 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 1,425 to AED 4,271 during November, and December.
Based upon to the price in Dubai Waterfront (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is AED 614,385. During August the price went through a considerable rise reaching AED 1,267,370. During the following two months (September, October) the average price had a considerable increase of 276 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 1,768,401.25 to AED 1,038,500, which means a 59 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 956,000 they are 60 % more affordable than the average price for Dubai Waterfront. The properties with the highest average price have 4 bedrooms, Their price is 232 % more costly than the average. After that we have properties with 2 bedrooms priced at AED 1,998,000.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 376 / sq.feet, with an average AED 4,723 / sq.feet price in Dubai Waterfront. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,035 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 956,000 it is 8 % cheaper than the average price in Dubai Waterfront. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 1,245,258 it is 476 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 702 / sq.feet followed by "Townhouse" priced at AED 943 / sq.feet. "Flat" is the cheapest type of property with a AED 1,015 / sq.feet value followed by "Apartment" with an average price of AED 989 / sq.feet.
