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 September, the average price per sq.feet was AED 56.03. In the following month the price per sq.feet fell to AED 48.27. The price for the following two months in (November, December) fell 94 % 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 50.57 to AED 50.74 during January y February
When referring to the price in Motor City (cities), this has risen considerably in the last 6 months. In our first sample month during September, the average price is AED 72,081. In October This price remains at AED 74,329. During the following two months (November, December) the price has had an average rise from AED 73,205 to AED 78,946. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % 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 83,620 they are 33 % more affordable than the average price for Motor City . The properties with the highest average price have 4 bedrooms, Their price is 110 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 134,556.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of AED 127.25 / sq.feet, with an average AED 55.02 / sq.feet price in Motor City. The properties with the most expensive average prices have 2 bedrooms. They are 521 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 326.83 / sq.feet.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of AED 83,620 it is 53 % more affordable than the average price in Motor City. "Flat" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Townhouse". At a price of AED 167,000 it is 163 % 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 45.44 / sq.feet followed by "House" priced at AED 49 / sq.feet. "Commercial" is the most expensive type of property with a AED 221.87 / sq.feet value followed by "Townhouse" with an average price of AED 214.92 / sq.feet.
