The rent prices in real estate in Greens, in the Dubai region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Greens has risen during the last 6 months. In October, the average price per sq.feet was AED 64.92. In the following month the price per sq.feet rose to AED 68.34. In the following two months the price per sq.feet has risen 107 %, going from AED 66.63 to AED 71.23 per sq.feet. The price per sq.feet has risen 106 % 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 68.93 to AED 73.2 during February, and March.
When referring to the price in Greens (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is AED 96,501. In November This price remains at AED 100,250. In the following two months the average price has hardly changed with regard to the previous two months from AED 98,375.5 to AED 99,092.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of AED 98,734 and AED 97,751 between February and March.
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 95,084 they are 6 % more affordable than the average price for Greens . The properties with the highest average price have 4 bedrooms, Their price is 151 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 148,908.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 64.67 / sq.feet, with an average AED 78.46 / sq.feet price in Greens. The properties with the most expensive average prices have 4 bedrooms. They are 22 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 81.4 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of AED 95,084 it is 66 % 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 "Townhouse". At a price of AED 154,058 it is 113 % 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 / sq.feet followed by "Townhouse" priced at AED 32 / sq.feet. "Apartment" is the most affordable type of property with a AED 78.34 / sq.feet value followed by "Flat" with an average price of AED 71.52 / sq.feet.