The prices in real estate in The Hills, 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 The Hills has remained the same in the last 6 months. In March, the average price per sq.feet was AED 1,522. In April this price pretty much remained the same at a value of AED 1,525 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,523.5 to AED 1,490 per sq.feet. The price per sq.feet has increased 106 % 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 1,506.75 to AED 1,602 during July, and August.
Based upon to the price in The Hills (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is AED 2,511,407. In April This price remains at AED 2,569,702. In the following two months the average price has remained the same with regard to the previous two months from AED 2,540,554.5 to AED 2,438,894.5. 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 2,489,724.5 and AED 2,376,250.5 between 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 2,333,786 they are 49 % more affordable than the average price for The Hills. The properties with the highest average price have 4 bedrooms, Their price is 190 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,883,047.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of AED 1,952 / sq.feet, with an average AED 1,607 / sq.feet price in The Hills. The properties with the highest average prices have 2 bedrooms. They are 168 % more expensive than the average followed by properties with 1 bedroom with a price at AED 3,356 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,333,786 it is 5 % cheaper than the average price in The Hills. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Flat". At a price of AED 2,225,017 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 1,428 / sq.feet followed by "Apartment" priced at AED 1,521 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,521 / sq.feet value followed by "Flat" with an average price of AED 1,428 / sq.feet.