The prices in real estate in Town square, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Town square has fallen in the last 6 months. In January, the average price per sq.feet was AED 776. In February this price pretty much remained the same at a value of AED 768 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 772 to AED 756.5 per sq.feet. The price per sq.feet has decreased 91 % 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 764.25 to AED 693 during May, and June.
Based upon to the price in Town square (cities), this has gone downing the last 6 months. In our first sample month during January, the average price is AED 1,061,820. In February This price remains at AED 1,019,833. During the following two months (March, April) the average price fell 86 % with regard to the previous two months. 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 970,178.25 and AED 979,741.5 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 932,640 they are 39 % more affordable than the average price for Town square. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,162,812.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 588 / sq.feet, with an average AED 707 / 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 797 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of AED 932,640 it is 55 % cheaper than the average price in Town square. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 1,274,387 it is 37 % 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 564 / sq.feet followed by "Villa" priced at AED 661 / sq.feet. "House" is the most costly type of property with a AED 1,273 / sq.feet cost followed by "Flat" with an average price of AED 807 / sq.feet.