The prices in real estate in The Hills, 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 The Hills has increased during the last 6 months. In March, the average price per sq.feet was AED 1,849. In April this price pretty much remained the same at a value of AED 1,773 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 120 %. 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 1,990.25 to AED 2,158 during July, and August.
Based upon to the price in The Hills (cities), this has gone up considerably in the last 6 months. The average price for March is AED 2,848,078. During April the price had a slight fall till AED 2,543,567. During the following two months (May, June) the average price had a considerable increase of 132 % 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 gone up 115 % 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 3,584,565 they are 38 % more affordable than the average price for The Hills. The properties with the highest average price have 4 bedrooms, Their price is 131 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,729,167.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 2,069 / sq.feet, with an average AED 2,208 / sq.feet price in The Hills. The properties with the highest average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at AED 2,435 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,584,565 it is 20 % cheaper than the average price in The Hills. "Penthouse" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Apartment". At a price of AED 2,857,861 it is 153 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of AED 1,839 / sq.feet followed by "Penthouse" priced at AED 2,188 / sq.feet. "Penthouse" is the cheapest type of property with a AED 2,188 / sq.feet value followed by "Apartment" with an average price of AED 1,839 / sq.feet.