The prices in real estate in The Views, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in The Views has increased strongly during the last 6 months. In July, the average price per sq.feet was AED 5,037. In the following month the price per sq.feet increased considerably to AED 7,123. The price for the following two months in (September, October) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 139 % 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 6,748.75 to AED 9,405.5 during November, and December.
Based upon to the price in The Views (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is AED 1,369,177. In August This price remains at AED 1,416,937. In the following two months the average price has remained the same with regard to the previous two months from AED 1,393,057 to AED 1,457,650. 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 1,425,353.5 and AED 1,456,992 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,438,984 they are 27 % more affordable than the average price for The Views. The properties with the highest average price have 4 bedrooms, Their price is 156 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,235,000.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,130 / sq.feet, with an average AED 9,721 / sq.feet price in The Views. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at AED 10,349 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of AED 1,438,984 it is 2 % more expensive than the average price in The Views. "Flat" is seen as the second dearest property type. The dearest property type is "Flat" followed by "Apartment". At a price of AED 1,471,781 it is 7 % 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 1,074 / sq.feet followed by "Flat" priced at AED 1,213 / sq.feet. "Flat" is the cheapest type of property with a AED 1,213 / sq.feet value followed by "Apartment" with an average price of AED 1,074 / sq.feet.