The average price in the Dubai region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Dubai has increased strongly in the last 6 months. During March, the average price per sq.feet was AED 1,272. In April the price pretty much stayed the same at AED 1,230 per sq.feet. In the following two months (May, June) the price per sq.feet has risen strongly to a 193 %. In the last two months, the price per sq.feet has had a significant increase of 126 %. This has been obtained by comparing the price of AED 1,835.5 for the first four months of the sample with regard to the previous 4 months and the price of AED 2,316.5 per sq.feet for the last two months (July, August).
Based upon to the price in Dubai (region), this has decreased in the last 6 months. March has an average price of AED 2,388,689. During April the price had a slight deflation till AED 2,103,955. In the following two months the average price didn't change much compared to the previous two going from AED 2,246,322 to AED 2,257,285. During the last two months the average price has remained stagnant and has gone from AED 2,251,803.5 to AED 2,224,416 during July and August.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 37 % more affordable than the average price in Dubai followed by those with 2 with an average price of AED 2,028,610. The most costly properties have 4 bedrooms. They are 97 % more expensive than the average followed by those properties with 3 bedrooms priced at AED 2,886,450.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of AED 1,445 / sq.feet being AED 2,139 / sq.feet the average value within the Dubai region. The properties with the most expensive average price are those with 4 bedrooms. These are 25 % more costly than the average followed by those with 3 bedrooms with a price of AED 2,249 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of AED 2,135,526 it is 47 % more affordable than the average in Dubai. This is followed by "Flat" with a price of AED 1,322,871. The dearest property type is "Villa" and is 112 % more expensive than the average, followed by "Commercial" with a cost of AED 3,429,286.
Based on the average cost per sq.feet the cheapest property type is "Villa with a an average cost of AED 907 / sq.feet, followed by "Flat" with a price of AED 1,019 / sq.feet. "Townhouse" with an average price of AED 3,706 / sq.feet is the most costly type of property followed by "Office" at a price of AED 2,703 / sq.feet.