The prices in real estate in World Trade Center, 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 World Trade Center has fallen in the last 6 months. In August, the average price per sq.feet was AED 1,319. In September this price pretty much remained the same at a value of AED 1,304 per sq.feet. The price for the following two months in (October, November) decreased 90 % with regard to the prior two months. The price per sq.feet has decreased 89 % 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 1,246.25 to AED 1,104.5 during December, and January.
Based upon to the price in World Trade Center (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is AED 3,157,294. In September This price remains at AED 3,148,286. In the following two months the average price has remained the same with regard to the previous two months from AED 3,152,790 to AED 3,007,500. During the last two months the average price has had a strong fall compared to the previous four going from AED 3,080,145 to AED 2,531,944.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,438,889 they are 52 % more affordable than the average price for World Trade Center. The properties with the highest average price have 4 bedrooms, Their price is 130 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,417,582.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 903 / sq.feet, with an average AED 1,120 / sq.feet price in World Trade Center. The properties with the highest average prices have 4 bedrooms. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,328 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of AED 2,438,889 it is 2 % 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 2,777,869 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of AED 1,223 / sq.feet followed by "Duplex" priced at AED 1,235 / sq.feet. "Flat" is the most costly type of property with a AED 1,312 / sq.feet cost followed by "Duplex" with an average price of AED 1,235 / sq.feet.