The rent prices in real estate in Greens, in the Dubai region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Greens has fallen during the last 6 months. In May, the average price per sq.feet was AED 57.99. In the following month the price per sq.feet fell to AED 50.75. The price for the following two months in (July, August) had a considerable fall of 70 with regard to the previous two months. The price per sq.feet has had a considerable rise of 147 % 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 46.15 to AED 68 during September, and October.
When referring to the price in Greens (cities), this has fallen in the last 6 months. In our first sample month during May, the average price is AED 95,620. In June This price remains at AED 98,089. During the following two months (July, August) the average price had a considerable fall of 78 % 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 increased 109 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of AED 96,501 they are 16 % more affordable than the average price for Greens . The properties with the highest average price have 4 bedrooms, Their price is 103 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 164,495.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 58.3 / sq.feet, with an average AED 64.92 / sq.feet price in Greens. The properties with the most expensive average prices have 3 bedrooms. They are 28 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 75.71 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of AED 96,501 it is 74 % more affordable than the average price in Greens. "Flat" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Office". At a price of AED 163,731 it is 104 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of AED 7.51 / sq.feet followed by "Townhouse" priced at AED 36.37 / sq.feet. "Office" is the most expensive type of property with a AED 107.09 / sq.feet value followed by "Flat" with an average price of AED 77.41 / sq.feet.