The prices in real estate in Greens, 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 Greens has increased strongly during the last 6 months. In August, the average price per sq.feet was AED 621. In the following month the price per sq.feet increased considerably to AED 1,449. The price for the following two months in (October, November) had a considerable increment of 136 %. The price per sq.feet has had a considerable increase of 118 % 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 1,222.5 to AED 1,444.5 during December, and January.
Based upon to the price in Greens (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is AED 1,363,509. During September the price went through a considerable rise reaching AED 1,858,660. In the following two months the average price has remained the same with regard to the previous two months from AED 1,611,084.5 to AED 1,607,989.5. 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 1,609,537 and AED 1,645,383 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,660,718 they are 20 % more affordable than the average price for Greens. The properties with the highest average price have 3 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 4 bedrooms priced at AED 2,628,499.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,074 / sq.feet, with an average AED 1,427 / sq.feet price in Greens. The properties with the highest average prices have 2 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,402 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,660,718 it is 28 % cheaper than the average price in Greens. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of AED 3,084,012 it is 96 % 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 677 / sq.feet followed by "Villa" priced at AED 710 / sq.feet. "Apartment" is the most costly type of property with a AED 1,439 / sq.feet cost followed by "Office" with an average price of AED 1,325 / sq.feet.