Property prices for sale in Motor City (Dubai)
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 July, the average price per sq.feet was AED 873. In the following month the price per sq.feet increased to AED 949. In the following two months the price per sq.feet has barely changed, going from AED 911 to AED 909 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 910 to AED 889 during November y December
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 July, the average price is AED 1,544,374. In August This price remains at AED 1,595,350. During the following two months (September, October) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,694,855 they are 50 % more affordable than the average price for Motor City. The properties with the highest average price have 4 bedrooms, Their price is 132 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,273,245.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 3,281 / sq.feet, with an average AED 913 / sq.feet price in Motor City. The properties with the highest average prices have 4 bedrooms. They are 763 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 5,554 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,694,855 it is 43 % 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 3,358,889 it is 103 % 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 635 / sq.feet followed by "Commercial" priced at AED 875 / sq.feet. "Villa" is the most costly type of property with a AED 10,672 / sq.feet cost followed by "Townhouse" with an average price of AED 7,503 / sq.feet.
