The prices in real estate in The Views, in the Dubai region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in The Views has had a strong decrease during the last 6 months. In November, the average price per sq.feet was AED 9,090. In the following month the price per sq.feet increased to AED 9,721. The price for the following two months in (January, February) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 38 % 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 7,868.25 to AED 3,016 during March, and April.
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 November, the average price is AED 1,475,000. In December This price remains at AED 1,438,984. In the following two months the average price has remained the same with regard to the previous two months from AED 1,456,992 to AED 1,494,811.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 1,573,162 they are 30 % more affordable than the average price for The Views. The properties with the highest average price have 4 bedrooms, Their price is 107 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,515,312.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,141 / sq.feet, with an average AED 4,839 / sq.feet price in The Views. The properties with the highest average prices have 1 bedroom. They are 117 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 10,140 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 1,573,162 it is 10 % cheaper than the average price in The Views. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Flat". At a price of AED 1,562,515 it is 103 % 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 1,226 / sq.feet followed by "Flat" priced at AED 1,227 / sq.feet. "Apartment" is the most costly type of property with a AED 11,608 / sq.feet cost followed by "Flat" with an average price of AED 1,227 / sq.feet.