The prices in real estate in The Lagoons, 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 Lagoons has remained the same in the last 6 months. In December, the average price per sq.feet was AED 1,934. In the following month the price per sq.feet decreased to AED 1,831. In the following two months the price per sq.feet has barely changed, going from AED 1,882.5 to AED 1,911 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 1,896.75 to AED 1,862 during April y May
Based upon to the price in The Lagoons (cities), this has gone up considerably in the last 6 months. The average price for December is AED 2,408,564. During January the price had a slight fall till AED 2,149,826. During the following two months (February, March) the average price had a considerable increase of 121 % 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 126 % 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 4,056,667 they are 61 % more affordable than the average price for The Lagoons. The properties with the highest average price have 3 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 4 bedrooms priced at AED 3,750,975.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,633 / sq.feet, with an average AED 1,932 / sq.feet price in The Lagoons. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 2,041 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 4,056,667 it is 45 % cheaper than the average price in The Lagoons. "Villa" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Villa". At a price of AED 4,509,716 it is 65 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 1,807 / sq.feet followed by "Apartment" priced at AED 1,876 / sq.feet. "Penthouse" is the most costly type of property with a AED 2,375 / sq.feet cost followed by "Apartment" with an average price of AED 1,876 / sq.feet.