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 April, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to AED 11,051. The price for the following two months in (June, July) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 3,808.5 to AED 1,505 during August, and September.
Based upon to the price in World Trade Center (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is . During May the price went through a considerable rise reaching AED 3,666,333. During the following two months (June, July) the average price had a considerable increase of 191 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of AED 3,433,283 they are 31 % more affordable than the average price for World Trade Center. The properties with the highest average price have 3 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 4 bedrooms priced at AED 4,729,741.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,191 / sq.feet, with an average AED 1,585 / sq.feet price in World Trade Center. The properties with the highest average prices have 4 bedrooms. They are 869 % more expensive than the average followed by properties with 1 bedroom with a price at AED 3,084 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of AED 3,433,283 it is 32 % cheaper than the average price in World Trade Center. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of AED 2,350,780 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of AED 1,195 / sq.feet followed by "Apartment" priced at AED 12,391 / sq.feet. "Apartment" is the most costly type of property with a AED 12,391 / sq.feet cost followed by "Duplex" with an average price of AED 1,195 / sq.feet.