The prices in real estate in Green Community, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Green Community has increased during the last 6 months. In July, the average price per sq.feet was AED 640. In the following month the price per sq.feet decreased to AED 607. The price for the following two months in (September, October) had a considerable increment of 116 %. The price per sq.feet has increased 110 % 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 674.75 to AED 745 during November, and December.
Based upon to the price in Green Community (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is AED 2,845,186. In August This price remains at AED 2,867,534. In the following two months the average price has remained the same with regard to the previous two months from AED 2,856,360 to AED 2,793,715. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,915,560 they are 64 % more affordable than the average price for Green Community. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,500,706.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 660 / sq.feet, with an average AED 736 / sq.feet price in Green Community. The properties with the highest average prices have 2 bedrooms. They are 33 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 742 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 2,915,560 it is 84 % cheaper than the average price in Green Community. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of AED 3,008,932 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 391 / sq.feet followed by "Villa" priced at AED 566 / sq.feet. "Studio" is the most costly type of property with a AED 979 / sq.feet cost followed by "Apartment" with an average price of AED 861 / sq.feet.