The prices in real estate in Greens, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Greens has fallen in the last 6 months. In March, the average price per sq.feet was AED 1,446. In April this price pretty much remained the same at a value of AED 1,406 per sq.feet. The price for the following two months in (May, June) decreased 93 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 1,378.75 to AED 1,376.5 during July y August
Based upon to the price in Greens (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is AED 1,788,923. In April This price remains at AED 1,748,773. During the following two months (May, June) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from AED 1,658,532.75 to AED 1,506,411.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,508,737 they are 26 % more affordable than the average price for Greens. The properties with the highest average price have 4 bedrooms, Their price is 142 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,275,000.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,297 / sq.feet, with an average AED 1,382 / sq.feet price in Greens. The properties with the highest average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at AED 1,406 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,508,737 it is 59 % cheaper than the average price in Greens. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Townhouse". At a price of AED 3,110,229 it is 206 % 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 634 / sq.feet followed by "Villa" priced at AED 1,100 / sq.feet. "Office" is the most costly type of property with a AED 1,799 / sq.feet cost followed by "Apartment" with an average price of AED 1,537 / sq.feet.