The prices in real estate in Town square, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Town square has increased during the last 6 months. In August, the average price per sq.feet was AED 742. In the following month the price per sq.feet increased to AED 784. In the following two months the price per sq.feet has barely changed, going from AED 763 to AED 790 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 776.5 to AED 769 during December y January
Based upon to the price in Town square (cities), these have remained the same in the last 6 months. In our first sample month during August, the average price is AED 1,085,791. In September This price remains at AED 1,086,053. In the following two months the average price has remained the same with regard to the previous two months from AED 1,085,922 to AED 1,069,177. 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 1,077,549.5 and AED 1,080,146 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,061,820 they are 46 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,331,109.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 660 / sq.feet, with an average AED 776 / sq.feet price in Town square. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 891 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of AED 1,061,820 it is 60 % cheaper than the average price in Town square. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of AED 1,398,318 it is 34 % 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 629 / sq.feet followed by "Townhouse" priced at AED 631 / sq.feet. "House" is the most costly type of property with a AED 1,283 / sq.feet cost followed by "Flat" with an average price of AED 906 / sq.feet.