The prices in real estate in Dubai Waterfront, in the Dubai region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Dubai Waterfront has had a strong decrease during the last 6 months. In April, the average price per sq.feet was AED 1,276. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (June, July) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable increase of 163 % 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 579.5 to AED 943.5 during August, and September.
Based upon to the price in Dubai Waterfront (cities), this has fallen considerably in the last 6 months. The average price for April is AED 3,445,296. During May the price had a considerable reduction till . During the following two months (June, July) the average price had a considerable reduction of 34 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 204 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,441,850 they are 88 % more affordable than the average price for Dubai Waterfront. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 1,986,000.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 379 / sq.feet, with an average AED 1,274 / sq.feet price in Dubai Waterfront. The properties with the lowest average prices have 3 bedrooms. They are 18 % cheaper than the average followed by properties with 2 bedrooms with a price at AED 953 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,441,850 it is 74 % 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 1,249,003 it is 60 % 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 705 / sq.feet followed by "Townhouse" priced at AED 946 / sq.feet. "Flat" is the cheapest type of property with a AED 1,021 / sq.feet value followed by "Apartment" with an average price of AED 992 / sq.feet.