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 July, the average price per sq.feet was AED 1,299. In the following month the price per sq.feet decreased to AED 1,229. In the following two months the price per sq.feet has barely changed, going from AED 1,264 to AED 1,211 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 1,237.5 to AED 1,195 during November y December
Based upon to the price in The Views (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is AED 1,687,361. In August This price remains at AED 1,635,049. During the following two months (September, October) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from AED 1,604,386.5 to AED 1,511,305.5 in 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 1,530,249 they are 25 % more affordable than the average price for The Views. The properties with the highest average price have 4 bedrooms, Their price is 170 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,375,145.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,130 / sq.feet, with an average AED 1,193 / sq.feet price in The Views. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at AED 1,279 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of AED 1,530,249 it is 0 % more expensive than the average price in The Views. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Flat". At a price of AED 1,532,171 it is 1 % 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 1,144 / sq.feet followed by "Apartment" priced at AED 1,241 / sq.feet. "Apartment" is the most costly type of property with a AED 1,241 / sq.feet cost followed by "Flat" with an average price of AED 1,144 / sq.feet.