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 February, the average price per sq.feet was AED 831. In March this price pretty much remained the same at a value of AED 821 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 826 to AED 847 per sq.feet. The price per sq.feet has increased 111 % 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 836.5 to AED 929 during June, and July.
Based upon to the price in Town square (cities), these have remained the same in the last 6 months. The average price for February is AED 879,723. During March the price had a slight fall till AED 832,343. During the following two months (April, May) the price has had an average incrementation from AED 856,033 to AED 932,786.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from AED 894,409.75 to AED 815,476.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 809,388 they are 30 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 168 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,397,317.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 849 / sq.feet, with an average AED 933 / sq.feet price in Town square. The properties with the highest average prices have 2 bedrooms. They are 569 % more expensive than the average followed by properties with 1 bedroom with a price at AED 3,862 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 809,388 it is 21 % 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 1,593,750 it is 115 % 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 777 / sq.feet followed by "Villa" priced at AED 782 / sq.feet. "Apartment" is the most costly type of property with a AED 5,608 / sq.feet cost followed by "Flat" with an average price of AED 992 / sq.feet.