The prices in real estate in Mohammed Bin Rashid City, 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 Mohammed Bin Rashid City has remained the same in the last 6 months. In April, the average price per sq.feet was AED 1,440. In May this price pretty much remained the same at a value of AED 1,405 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,422.5 to AED 1,356.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 1,389.5 to AED 1,379.5 during August y September
Based upon to the price in Mohammed Bin Rashid City (cities), this has gone up considerably in the last 6 months. The price in April is AED 3,387,543, rising in May till AED 3,725,875. During the following two months (June, July) the average price had a considerable increase of 116 % 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 122 % 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 5,581,330 they are 82 % more affordable than the average price for Mohammed Bin Rashid City. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,890,505.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of AED 6,049 / sq.feet, with an average AED 1,407 / sq.feet price in Mohammed Bin Rashid City. The properties with the highest average prices have 1 bedroom. They are 714 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 10,895 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 5,581,330 it is 76 % cheaper than the average price in Mohammed Bin Rashid City. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 14,294,307 it is 241 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Flat" at an average cost of AED 1,589 / sq.feet followed by "Land" priced at AED 5,573 / sq.feet. "Villa" is the most costly type of property with a AED 13,552 / sq.feet cost followed by "Duplex" with an average price of AED 12,677 / sq.feet.