The prices in real estate in Green Community, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Green Community has increased strongly during the last 6 months. In February, the average price per sq.feet was AED 722. In March this price pretty much remained the same at a value of AED 718 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 720 to AED 745.5 per sq.feet. The price per sq.feet has had a considerable increase of 157 % 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 732.75 to AED 1,151 during June, and July.
Based upon to the price in Green Community (cities), these have remained the same in the last 6 months. The average price for February is AED 2,868,552. During March the price had a slight fall till AED 2,687,151. In the following two months the average price has remained the same with regard to the previous two months from AED 2,777,851.5 to AED 2,835,753.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 2,806,802.5 and AED 2,824,692 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,959,617 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 21 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,142,118.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 804 / sq.feet, with an average AED 1,508 / sq.feet price in Green Community. The properties with the highest average prices have 4 bedrooms. They are 56 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 2,127 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 2,959,617 it is 84 % cheaper than the average price in Green Community. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Apartment". At a price of AED 1,379,507 it is 11 % 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 553 / sq.feet followed by "House" priced at AED 726 / sq.feet. "Villa" is the most costly type of property with a AED 6,131 / sq.feet cost followed by "Apartment" with an average price of AED 1,324 / sq.feet.