The average price in the Dubai region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Dubai has risen considerably in the last 6 months. During April, the average price per sq.feet was AED 2,174. The following month the price decreased to AED 1,990 per sq.feet. The following two months (June, July) went through a considerable deflation of 69 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 79 %. This has been obtained by comparing the price of AED 1,754.5 for the first four months of the sample with regard to the previous 4 months and the price of AED 1,389 per sq.feet for the last two months (August, September).
Based upon to the price in Dubai (region), this has decreased in the last 6 months. April has an average price of AED 2,802,344. During May the price had a slight deflation till AED 2,606,434. In the following two months the average price didn't change much compared to the previous two going from AED 2,704,389 to AED 2,718,392. During the last two months the price has reduced 89 % compared to the previous average values going from AED 2,711,390.5 a AED 2,423,964.5 in August and September.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 56 % more affordable than the average price in Dubai followed by those with 2 with an average price of AED 2,124,895. The most costly properties have 4 bedrooms. They are 62 % more expensive than the average followed by those properties with 3 bedrooms priced at AED 2,603,157.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of AED 1,145 / sq.feet being AED 1,353 / sq.feet the average value within the Dubai region. The properties with the most expensive average price are those with 2 bedrooms. These are 11 % more costly than the average followed by those with 1 bedroom with a price of AED 1,416 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of AED 2,626,258 it is 42 % more affordable than the average in Dubai. This is followed by "Townhouse" with a price of AED 2,109,629. The dearest property type is "Villa" and is 90 % more expensive than the average, followed by "Flat" with a cost of AED 3,805,967.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of AED 877 / sq.feet, followed by "House" with a price of AED 889 / sq.feet. "Flat" with an average price of AED 2,724 / sq.feet is the most costly type of property followed by "Apartment" at a price of AED 1,458 / sq.feet.