The prices in real estate in World Trade Center, 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 World Trade Center has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 1,203. In April this price pretty much remained the same at a value of AED 1,181 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,192 to AED 1,203.5 per sq.feet. The price per sq.feet has had a considerable increase of 460 % 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 1,197.75 to AED 5,504 during July, and August.
Based upon to the price in World Trade Center (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is AED 2,700,000. In April This price remains at AED 2,650,000. During the following two months (May, June) the price has had an average incrementation from AED 2,675,000 to AED 3,046,726.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 3,139,583 they are 62 % more affordable than the average price for World Trade Center. The properties with the highest average price have 4 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,370,833.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 7,076 / sq.feet, with an average AED 8,289 / sq.feet price in World Trade Center. The properties with the highest average prices have 1 bedroom. They are 41 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 8,302 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of AED 3,139,583 it is 24 % cheaper than the average price in World Trade Center. "Apartment" is seen as the second most affordable property type. The dearest property type is "Flat" followed by "Apartment". At a price of AED 2,896,667 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 1,218 / sq.feet followed by "Duplex" priced at AED 1,231 / sq.feet. "Apartment" is the most costly type of property with a AED 12,902 / sq.feet cost followed by "Duplex" with an average price of AED 1,231 / sq.feet.