The prices in real estate in Dubai hills estate, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Dubai hills estate has increased during the last 6 months. In April, the average price per sq.feet was AED 1,557. In May this price pretty much remained the same at a value of AED 1,572 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,564.5 to AED 1,632 per sq.feet. The price per sq.feet has increased 108 % 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 1,598.25 to AED 1,727.5 during August, and September.
Based upon to the price in Dubai hills estate (cities), these have remained the same in the last 6 months. The price in April is AED 5,775,993, rising in May till AED 6,627,536. During the following two months (June, July) the average price fell 91 % 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 5,923,024.5 to AED 5,029,695, which means a 85 % 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 3,301,598 they are 64 % more affordable than the average price for Dubai hills estate. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,270,484.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,634 / sq.feet, with an average AED 1,723 / sq.feet price in Dubai hills estate. The properties with the lowest average prices have 2 bedrooms. They are 1 % cheaper than the average followed by properties with 3 bedrooms with a price at AED 1,699 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,301,598 it is 46 % cheaper than the average price in Dubai hills estate. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Residential Plot" followed by "Villa". At a price of AED 10,744,314 it is 428 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential Plot" at an average cost of AED 1,120 / sq.feet followed by "House" priced at AED 1,357 / sq.feet. "Villa" is the most costly type of property with a AED 1,765 / sq.feet cost followed by "Apartment" with an average price of AED 1,756 / sq.feet.