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 851. In January this price pretty much remained the same at a value of AED 837 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 844 to AED 817.5 per sq.feet. 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 830.75 to AED 787.5 during April, and May.
Based upon to the price in Motor City (cities), these have remained the same in the last 6 months. The price in December is AED 1,468,480, rising in January till AED 1,542,290. In the following two months the average price has remained the same with regard to the previous two months from AED 1,505,385 to AED 1,540,816.5. 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 1,523,100.75 and AED 1,450,829 between 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 1,565,574 they are 35 % more affordable than the average price for Motor City. The properties with the highest average price have 4 bedrooms, Their price is 153 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,338,630.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 682 / sq.feet, with an average AED 804 / sq.feet price in Motor City. The properties with the highest average prices have 2 bedrooms. They are 18 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 905 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,565,574 it is 37 % cheaper than the average price in Motor City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Villa". At a price of AED 3,489,951 it is 126 % 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 653 / sq.feet followed by "Flat" priced at AED 681 / sq.feet. "Villa" is the most costly type of property with a AED 968 / sq.feet cost followed by "Office" with an average price of AED 816 / sq.feet.