The prices in real estate in Dubai hills estate, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Dubai hills estate has remained the same in the last 6 months. In July, the average price per sq.feet was AED 998. In August this price pretty much remained the same at a value of AED 1,003 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,000.5 to AED 979.5 per sq.feet. The price per sq.feet has increased 112 % 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 990 to AED 1,110.5 during November, and December.
Based upon to the price in Dubai hills estate (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is AED 3,140,143. In August This price remains at AED 3,126,289. During the following two months (September, October) the average price had a considerable increase of 130 % 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 3,596,970.5 and AED 3,494,942 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,250,770 they are 71 % more affordable than the average price for Dubai hills estate. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,777,162.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of AED 2,824 / sq.feet, with an average AED 1,192 / sq.feet price in Dubai hills estate. The properties with the highest average prices have 1 bedroom. They are 387 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 5,472 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 3,250,770 it is 61 % cheaper than the average price in Dubai hills estate. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 5,396,721 it is 116 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of AED 625 / sq.feet followed by "Villa" priced at AED 1,095 / sq.feet. "Townhouse" is the most costly type of property with a AED 7,900 / sq.feet cost followed by "Land" with an average price of AED 3,320 / sq.feet.