The prices in real estate in The Views, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in The Views has fallen in the last 6 months. In December, the average price per sq.feet was AED 1,193. In January this price pretty much remained the same at a value of AED 1,169 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,181 to AED 1,134.5 per sq.feet. The price per sq.feet has decreased 93 % 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 1,157.75 to AED 1,079 during April, and May.
Based upon to the price in The Views (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is AED 1,530,249. In January This price remains at AED 1,518,550. In the following two months the average price has remained the same with regard to the previous two months from AED 1,524,399.5 to AED 1,488,499.5. 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 1,506,449.5 and AED 1,456,403 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,468,245 they are 31 % more affordable than the average price for The Views. The properties with the highest average price have 4 bedrooms, Their price is 153 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,317,308.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,038 / sq.feet, with an average AED 1,076 / sq.feet price in The Views. The properties with the highest average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,132 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of AED 1,468,245 it is 1 % 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 1,482,129 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of AED 1,088 / sq.feet followed by "Flat" priced at AED 1,227 / sq.feet. "Flat" is the most costly type of property with a AED 1,227 / sq.feet cost followed by "Apartment" with an average price of AED 1,088 / sq.feet.