The prices in real estate in The greens, 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 The greens has remained the same in the last 6 months. In March, the average price per sq.feet was AED 1,152. In April this price pretty much remained the same at a value of AED 1,160 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from AED 1,156 to AED 1,239 per sq.feet. The price per sq.feet has had a considerable deflation of 82 % 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 1,197.5 to AED 978.5 during July, and August.
Based upon to the price in The greens (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is AED 1,209,061. In April This price remains at AED 1,191,620. During the following two months (May, June) the average price had a considerable increase of 191 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 1,743,670.25 to AED 1,183,333.5, which means a 68 % fall.