The rent prices in real estate in Motor City, in the Dubai region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Motor City has barely changed in the last 6 months. In April, the average price per sq.feet was AED 51.58. In May this price barely changed remaining at AED 49.82 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 50.7 to AED 51.65 per sq.feet. The price per sq.feet has risen 112 % 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 51.18 to AED 57.13 during August, and September.
When referring to the price in Motor City (cities), this has fallen considerably in the last 6 months. The average price for April is AED 96,343. During May the price had a slight fall till AED 85,329. During the following two months (June, July) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from AED 86,334.5 to AED 79,281 in August and September.
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 79,856 they are 23 % more affordable than the average price for Motor City . The properties with the highest average price have 4 bedrooms, Their price is 175 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 170,000.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 46.12 / sq.feet, with an average AED 58.37 / sq.feet price in Motor City. The properties with the most expensive average prices have 4 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 62.99 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of AED 79,856 it is 52 % 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 "Villa" followed by "Townhouse". At a price of AED 227,143 it is 221 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Office" at an average price of AED 35 / sq.feet followed by "Commercial" priced at AED 51 / sq.feet. "Villa" is the most expensive type of property with a AED 62.92 / sq.feet value followed by "Townhouse" with an average price of AED 62.55 / sq.feet.