The prices in real estate in International City, 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 International City has increased during the last 6 months. In December, the average price per sq.feet was AED 649. In January this price pretty much remained the same at a value of AED 646 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 647.5 to AED 664.5 per sq.feet. The price per sq.feet has increased 113 % 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 656 to AED 743.5 during April, and May.
Based upon to the price in International City (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is AED 563,544. In January This price remains at AED 575,466. During the following two months (February, March) the price has had an average incrementation from AED 569,505 to AED 646,166. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 781,947 they are 24 % more affordable than the average price for International City. The properties with the highest average price have 4 bedrooms, Their price is 264 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,467,549.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 690 / sq.feet, with an average AED 832 / sq.feet price in International City. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 911 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 781,947 it is 55 % cheaper than the average price in International City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Villa". At a price of AED 1,592,935 it is 202 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of AED 657 / sq.feet followed by "Villa" priced at AED 792 / sq.feet. "Commercial" is the most costly type of property with a AED 1,025 / sq.feet cost followed by "Apartment" with an average price of AED 881 / sq.feet.