Property prices for sale in World Trade Center (Dubai)
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 July, the average price per sq.feet was AED 2,719. In the following month the price per sq.feet increased considerably to AED 8,289. The price for the following two months in (September, October) had a considerable increment of 187 %. The price per sq.feet has had a considerable increase of 134 % 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 7,895.5 to AED 10,552 during November, and December.
Based upon to the price in World Trade Center (cities), this has fallen considerably in the last 6 months. The average price for July is AED 3,461,538. During August the price had a slight fall till AED 3,139,583. During the following two months (September, October) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 2,882,811.75 to AED 2,368,321, 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 2,189,280 they are 47 % more affordable than the average price for World Trade Center. The properties with the highest average price have 4 bedrooms, Their price is 114 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,071,429.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 8,959 / sq.feet, with an average AED 10,412 / sq.feet price in World Trade Center. The properties with the highest average prices have 4 bedrooms. They are 49 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 10,321 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,189,280 it is 13 % cheaper than the average price in World Trade Center. "Apartment" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Apartment". At a price of AED 2,242,188 it is 9 % 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 897 / sq.feet followed by "Apartment" priced at AED 11,036 / sq.feet. "Duplex" is the most costly type of property with a AED 12,059 / sq.feet cost followed by "Apartment" with an average price of AED 11,036 / sq.feet.
