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 November, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to . The price for the following two months in (January, February) had a considerable rise of 2147483647 %. The price per sq.feet has had a considerable rise of 341 % 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 19.47 to AED 66.49 during March, and April.
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 November, is . During December the price went through a considerable rise reaching . During the following two months (January, February) the average price had a considerable rise of 2147483647 % 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 388 % 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 105,274 they are 28 % more affordable than the average price for Greens . The properties with the highest average price have 4 bedrooms, Their price is 57 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 140,760.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of AED 55.08 / sq.feet, with an average AED 66.11 / sq.feet price in Greens. The properties with the most expensive average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 68.55 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 105,274 it is 11 % more affordable than the average price in Greens. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Villa". At a price of AED 161,667 it is 104 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of AED 38.58 / sq.feet followed by "Commercial" priced at AED 39.91 / sq.feet. "Office" is the most expensive type of property with a AED 101.43 / sq.feet value followed by "Flat" with an average price of AED 83.04 / sq.feet.