The prices in real estate in Town square, 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 Town square has remained the same in the last 6 months. In September, the average price per sq.feet was AED 899. In October this price pretty much remained the same at a value of AED 883 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 891 to AED 888.5 per sq.feet. The price per sq.feet has increased 106 % 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 889.75 to AED 945 during January, and February.
Based upon to the price in Town square (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is AED 1,266,047. In October This price remains at AED 1,239,048. During the following two months (November, December) the average price fell 92 % 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 88 %, going from AED 1,203,321.5 to AED 1,055,917.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 944,849 they are 35 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 135 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,651,530.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 869 / sq.feet, with an average AED 940 / sq.feet price in Town square. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 886 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 944,849 it is 55 % cheaper than the average price in Town square. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of AED 1,954,548 it is 114 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of AED 857 / sq.feet followed by "Villa" priced at AED 880 / sq.feet. "Studio" is the most costly type of property with a AED 1,232 / sq.feet cost followed by "Apartment" with an average price of AED 972 / sq.feet.