The prices in real estate in Umm Suqeim, 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 Umm Suqeim has increased during the last 6 months. In March, the average price per sq.feet was AED 2,320. In the following month the price per sq.feet increased to AED 2,470. In the following two months the price per sq.feet has increased 112 %, going from AED 2,395 to AED 2,688 per sq.feet. The price per sq.feet has increased 108 % 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 2,541.5 to AED 2,739 during July, and August.
Based upon to the price in Umm Suqeim (cities), this has gone up in the last 6 months. The price in March is AED 3,421,509, rising in April till AED 3,745,951. In the following two months the average price has remained the same with regard to the previous two months from AED 3,583,730 to AED 3,616,939.5. 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 3,600,334.75 and AED 3,685,515 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,580,516 they are 44 % more affordable than the average price for Umm Suqeim. The properties with the highest average price have 4 bedrooms, Their price is 224 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 6,034,397.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 2,535 / sq.feet, with an average AED 2,775 / sq.feet price in Umm Suqeim. The properties with the highest average prices have 4 bedrooms. They are 45 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 2,900 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,580,516 it is 3 % cheaper than the average price in Umm Suqeim. "Penthouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Penthouse". At a price of AED 13,816,667 it is 674 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 2,335 / sq.feet followed by "Apartment" priced at AED 2,757 / sq.feet. "Penthouse" is the most costly type of property with a AED 4,871 / sq.feet cost followed by "Apartment" with an average price of AED 2,757 / sq.feet.