The prices in real estate in Greens, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Greens has remained the same in the last 6 months. In February, the average price per sq.feet was AED 1,486. In March this price pretty much remained the same at a value of AED 1,421 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,453.5 to AED 1,520 per sq.feet. The price per sq.feet has increased 107 % 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 1,486.75 to AED 1,586.5 during June, and July.
Based upon to the price in Greens (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is AED 1,868,132. In March This price remains at AED 1,884,713. In the following two months the average price has remained the same with regard to the previous two months from AED 1,876,422.5 to AED 1,828,437.5. 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 1,852,430 and AED 1,898,354.5 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 1,816,847 they are 21 % more affordable than the average price for Greens. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,059,080.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,243 / sq.feet, with an average AED 1,508 / sq.feet price in Greens. The properties with the highest average prices have 2 bedrooms. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,519 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 1,816,847 it is 21 % cheaper than the average price in Greens. "Flat" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of AED 2,068,891 it is 73 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of AED 647 / sq.feet followed by "Office" priced at AED 1,083 / sq.feet. "Apartment" is the most costly type of property with a AED 1,511 / sq.feet cost followed by "Flat" with an average price of AED 1,159 / sq.feet.