The prices in real estate in Dubai hills estate, 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 hills estate has fallen in the last 6 months. In March, the average price per sq.feet was AED 1,102. In the following month the price per sq.feet decreased to AED 1,040. In the following two months the price per sq.feet has barely changed, going from AED 1,071 to AED 1,090 per sq.feet. The price per sq.feet has decreased 93 % 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 1,080.5 to AED 1,000.5 during July, and August.
Based upon to the price in Dubai hills estate (cities), this has fallen considerably in the last 6 months. The average price for March is AED 4,249,526. During April the price had a considerable reduction till AED 3,500,221. During the following two months (May, June) the average price had a considerable reduction of 78 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from AED 3,448,175.25 to AED 3,133,216 in 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 3,126,289 they are 70 % more affordable than the average price for Dubai hills estate. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,525,522.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of AED 3,569 / sq.feet, with an average AED 1,003 / sq.feet price in Dubai hills estate. The properties with the highest average prices have 2 bedrooms. They are 507 % more expensive than the average followed by properties with 1 bedroom with a price at AED 5,276 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 3,126,289 it is 55 % 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 "Commercial". At a price of AED 5,151,404 it is 76 % 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 398 / sq.feet followed by "Villa" priced at AED 974 / sq.feet. "Apartment" is the most costly type of property with a AED 9,732 / sq.feet cost followed by "Townhouse" with an average price of AED 6,483 / sq.feet.