The prices in real estate in Town square, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Town square has increased strongly during the last 6 months. In July, the average price per sq.feet was AED 730. In August this price pretty much remained the same at a value of AED 726 per sq.feet. The price for the following two months in (September, October) had a considerable increment of 147 %. The price per sq.feet has decreased 94 % 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 900.5 to AED 848 during November, and December.
Based upon to the price in Town square (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is AED 885,025. In August This price remains at AED 905,211. During the following two months (September, October) the average price fell 91 % 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 94 %, going from AED 854,489 to AED 801,505 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 812,488 they are 31 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 97 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,146,258.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 624 / sq.feet, with an average AED 836 / sq.feet price in Town square. The properties with the highest average prices have 2 bedrooms. They are 571 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 3,785 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of AED 812,488 it is 48 % cheaper than the average price in Town square. "Flat" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of AED 1,216,665 it is 83 % 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 635 / sq.feet followed by "Flat" priced at AED 954 / sq.feet. "Apartment" is the most costly type of property with a AED 6,195 / sq.feet cost followed by "Villa" with an average price of AED 3,081 / sq.feet.