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 December, the average price per sq.feet was AED 913. In the following month the price per sq.feet decreased to AED 867. In the following two months the price per sq.feet has barely changed, going from AED 890 to AED 881.5 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 885.75 to AED 880 during April y May
Based upon to the price in Motor City (cities), this has gone downing the last 6 months. The average price for December is AED 1,694,855. During January the price had a slight fall till AED 1,606,016. In the following two months the average price has remained the same with regard to the previous two months from AED 1,650,435.5 to AED 1,662,871.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from AED 1,656,653.5 to AED 1,517,488 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,512,614 they are 34 % more affordable than the average price for Motor City. The properties with the highest average price have 4 bedrooms, Their price is 304 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,411,199.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 1,151 / sq.feet, with an average AED 873 / sq.feet price in Motor City. The properties with the highest average prices have 4 bedrooms. They are 1902 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 8,448 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,512,614 it is 34 % cheaper than the average price in Motor City. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of AED 5,733,300 it is 404 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 647 / sq.feet followed by "Apartment" priced at AED 865 / sq.feet. "Villa" is the most costly type of property with a AED 31,468 / sq.feet cost followed by "House" with an average price of AED 16,972 / sq.feet.