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 January, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to AED 818. The price for the following two months in (March, April) had a considerable increment of 190 %. The price per sq.feet has had a considerable deflation of 84 % 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 592.5 to AED 497 during May, and June.
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 January, is . During February the price went through a considerable rise reaching AED 1,380,738. During the following two months (March, April) the average price had a considerable increase of 204 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,467,662 they are 6 % more affordable than the average price for Greens. The properties with the highest average price have 4 bedrooms, Their price is 83 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,374,994.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 131 / sq.feet, with an average AED 414 / sq.feet price in Greens. The properties with the highest average prices have 2 bedrooms. They are 158 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 997 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,467,662 it is 4 % 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 3,253,483 it is 124 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of AED 118 / sq.feet followed by "Villa" priced at AED 679 / sq.feet. "Office" is the most costly type of property with a AED 1,296 / sq.feet cost followed by "Commercial" with an average price of AED 1,170 / sq.feet.