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 March, the average price per sq.feet was AED 947. In April this price pretty much remained the same at a value of AED 911 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 929 to AED 973 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 951 to AED 1,007.5 during July, and August.
Based upon to the price in Town square (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is AED 1,057,510. During April the price went through a considerable rise reaching AED 1,228,848. In the following two months the average price has remained the same with regard to the previous two months from AED 1,143,179 to AED 1,183,995.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 1,205,859 they are 42 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 118 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,924,615.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 976 / sq.feet, with an average AED 1,019 / sq.feet price in Town square. The properties with the highest average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,008 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,205,859 it is 61 % cheaper than the average price in Town square. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of AED 2,240,000 it is 95 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of AED 967 / sq.feet followed by "Villa" priced at AED 1,004 / sq.feet. "Studio" is the most costly type of property with a AED 1,406 / sq.feet cost followed by "Duplex" with an average price of AED 1,097 / sq.feet.