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 February, the average price per sq.feet was AED 876. In the following month the price per sq.feet increased to AED 925. In the following two months the price per sq.feet has barely changed, going from AED 900.5 to AED 889.5 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 895 to AED 854.5 during June y July
Based upon to the price in Motor City (cities), these have remained the same in the last 6 months. The price in February is AED 1,600,406, rising in March till AED 1,735,663. In the following two months the average price has remained the same with regard to the previous two months from AED 1,668,034.5 to AED 1,691,670.5. 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 1,679,852.5 and AED 1,630,911.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,634,449 they are 40 % more affordable than the average price for Motor City. The properties with the highest average price have 4 bedrooms, Their price is 133 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,804,290.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 769 / sq.feet, with an average AED 868 / sq.feet price in Motor City. The properties with the highest average prices have 4 bedrooms. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 890 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 1,634,449 it is 15 % cheaper than the average price in Motor City. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of AED 4,037,483 it is 264 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 715 / sq.feet followed by "Apartment" priced at AED 834 / sq.feet. "Villa" is the most costly type of property with a AED 1,244 / sq.feet cost followed by "Townhouse" with an average price of AED 1,037 / sq.feet.