Property prices for rent in Motor City (Dubai)
The rent prices in real estate in Motor City, 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 Motor City has fallen during the last 6 months. In January, the average price per sq.feet was AED 37.02. In the following month the price per sq.feet fell to AED 34.17. The price for the following two months in (March, April) fell 93 % with regard to the previous two months. 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 34.44 to AED 35.47 during May y June
When referring to the price in Motor City (cities), this has fallen in the last 6 months. The average price for January is AED 71,656. During February the price had a considerable fall till AED 59,858. During the following two months (March, April) the average price fell 90 % with regard to the previous two months. 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 62,372 and AED 64,219 between May and June.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of AED 70,925 they are 27 % more affordable than the average price for Motor City . The properties with the highest average price have 4 bedrooms, Their price is 158 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 107,267.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of AED 31.58 / sq.feet, with an average AED 35.2 / sq.feet price in Motor City. The properties with the most expensive average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 40.66 / sq.feet.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of AED 70,925 it is 11 % more affordable than the average price in Motor City. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Office". At a price of AED 89,670 it is 96 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Flat" at an average price of AED 30.06 / sq.feet followed by "Apartment" priced at AED 36.48 / sq.feet. "Office" is the most expensive type of property with a AED 47.15 / sq.feet value followed by "Commercial" with an average price of AED 45 / sq.feet.
