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 February, the average price per sq.feet was AED 863. In March this price pretty much remained the same at a value of AED 845 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 854 to AED 867.5 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 860.75 to AED 858.5 during June y July
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 February, is AED 908,565. During March the price went through a considerable rise reaching AED 1,094,314. During the following two months (April, May) the average price had a considerable increase of 117 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % 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 1,294,093 they are 54 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,634,822.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 823 / sq.feet, with an average AED 864 / sq.feet price in Town square. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 863 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 1,294,093 it is 31 % cheaper than the average price in Town square. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 1,797,268 it is 45 % 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 808 / sq.feet followed by "Villa" priced at AED 817 / sq.feet. "House" is the most costly type of property with a AED 3,398 / sq.feet cost followed by "Apartment" with an average price of AED 913 / sq.feet.