The rent prices in real estate in Greens, in the Dubai region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Greens has risen strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to AED 77.89. The price for the following two months in (March, April) had a considerable rise of 171 %. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of AED 52.72 to AED 54.37 during May y June
When referring to the price in Greens (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching AED 104,989. During the following two months (March, April) the average price had a considerable rise of 194 % 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 had a strong increase of 126 % 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 98,089 they are 12 % more affordable than the average price for Greens . The properties with the highest average price have 4 bedrooms, Their price is 70 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 159,330.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 38.61 / sq.feet, with an average AED 50.75 / sq.feet price in Greens. The properties with the most expensive average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 55.23 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 98,089 it is 13 % more affordable than the average price in Greens. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Office". At a price of AED 151,268 it is 64 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of AED 6.79 / sq.feet followed by "Villa" priced at AED 37 / sq.feet. "Office" is the most expensive type of property with a AED 103.89 / sq.feet value followed by "Flat" with an average price of AED 80.56 / sq.feet.