The average price in the Dubai region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in Dubai has remained stagnant in the last 6 months. During May, the average price per sq.feet was AED 1,076. In June the price pretty much stayed the same at AED 1,046 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from AED 1,061 to AED 1,102.5 per sq.feet. In the last two months, the price per sq.feet has increased 106 %. This has been obtained by comparing the price AED 1,081.75 for the first four months of the sample with regard to the previous 4 months and the price AED 1,146.5 per sq.feet for the last two months (September, October).
Based upon to the price in Dubai (region), this has decreased in the last 6 months. May has an average price of AED 2,311,023. During June the price had a strong deflation till AED 1,947,355. In the following two months the average price didn't change much compared to the previous two going from AED 2,129,189 to AED 2,050,341.5. During the last two months the price has risen 105 % compared to the previous average values going from AED 2,089,765.25 a AED 2,201,349.5 in September and October.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 48 % more affordable than the average price in Dubai followed by those with 2 with an average price of AED 1,683,464. The most costly properties have 4 bedrooms. They are 86 % more expensive than the average followed by those properties with 3 bedrooms priced at AED 2,550,766.
Based on the average price per sq.feet those properties with 4 bedrooms are the dearest ones with a price of AED 1,147 / sq.feet being AED 1,145 / sq.feet the average value within the Dubai region. The properties with the most expensive average price are those with 2 bedrooms. These are 5 % more costly than the average followed by those with 3 bedrooms with a price of AED 1,178 / sq.feet.
The graph displaying the average price according to the property type shows "Studio" as the cheapest one. With an average cost of AED 2,199,308 it is 78 % more affordable than the average in Dubai. This is followed by "Flat" with a price of AED 1,457,832. The dearest property type is "Villa" and is 60 % more expensive than the average, followed by "Commercial" with a cost of AED 3,217,225.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of AED 731 / sq.feet, followed by "Commercial" with a price of AED 852 / sq.feet. "Apartment" with an average price of AED 1,297 / sq.feet is the most costly type of property followed by "Flat" at a price of AED 1,264 / sq.feet.