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 November, the average price per sq.feet was AED 1,606. In December this price pretty much remained the same at a value of AED 1,539 per sq.feet. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 95 % 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 1,529 to AED 1,451 during March, and April.
Based upon to the price in Greens (cities), these have remained the same in the last 6 months. The average price for November is AED 1,871,312. During December the price had a slight fall till AED 1,768,526. In the following two months the average price has remained the same with regard to the previous two months from AED 1,819,919 to AED 1,873,769. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from AED 1,846,844 to AED 1,750,984 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,842,862 they are 24 % more affordable than the average price for Greens. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,650,361.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,237 / sq.feet, with an average AED 1,446 / sq.feet price in Greens. The properties with the highest average prices have 4 bedrooms. They are 61 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 2,242 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,842,862 it is 32 % 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 2,974,736 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 436 / sq.feet followed by "Townhouse" priced at AED 662 / sq.feet. "Apartment" is the most costly type of property with a AED 1,472 / sq.feet cost followed by "Office" with an average price of AED 1,156 / sq.feet.