The prices in real estate in Motor City, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Motor City has increased during the last 6 months. In August, the average price per sq.feet was AED 775. In the following month the price per sq.feet increased to AED 825. In the following two months the price per sq.feet has barely changed, going from AED 800 to AED 816 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 808 to AED 844 during December y January
Based upon to the price in Motor City (cities), these have remained the same in the last 6 months. The price in August is AED 1,456,906, rising in September till AED 1,534,156. In the following two months the average price has remained the same with regard to the previous two months from AED 1,495,531 to AED 1,427,297.5. 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 1,461,414.25 and AED 1,505,385 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 1,542,290 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 143 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,181,684.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 732 / sq.feet, with an average AED 837 / sq.feet price in Motor City. The properties with the highest average prices have 4 bedrooms. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 858 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,542,290 it is 30 % 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 "Office". At a price of AED 3,559,889 it is 140 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of AED 657 / sq.feet followed by "Villa" priced at AED 731 / sq.feet. "Office" is the cheapest type of property with a AED 820 / sq.feet value followed by "Apartment" with an average price of AED 814 / sq.feet.