The prices in real estate in Motor City, 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 Motor City has remained the same in the last 6 months. In June, the average price per sq.feet was AED 789. In July this price pretty much remained the same at a value of AED 799 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 794 to AED 800 per sq.feet. 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 797 to AED 816 during October y November
Based upon to the price in Motor City (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is AED 1,449,172. In July This price remains at AED 1,432,920. In the following two months the average price has remained the same with regard to the previous two months from AED 1,441,046 to AED 1,495,531. 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 1,468,288.5 and AED 1,427,297.5 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,359,164 they are 26 % more affordable than the average price for Motor City. The properties with the highest average price have 4 bedrooms, Their price is 156 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,264,797.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 706 / sq.feet, with an average AED 775 / sq.feet price in Motor City. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 824 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,359,164 it is 18 % cheaper than the average price in Motor City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 3,150,000 it is 190 % 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 720 / sq.feet followed by "Townhouse" priced at AED 746 / sq.feet. "Commercial" is the most costly type of property with a AED 945 / sq.feet cost followed by "Villa" with an average price of AED 855 / sq.feet.