The prices in real estate in Al Barari, 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 Al Barari has increased during the last 6 months. In August, the average price per sq.feet was AED 1,080. In the following month the price per sq.feet increased to AED 1,151. In the following two months the price per sq.feet has increased 105 %, going from AED 1,115.5 to AED 1,174.5 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 1,145 to AED 1,188.5 during December y January
Based upon to the price in Al Barari (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is AED 7,209,332. During September the price went through a considerable rise reaching AED 8,700,364. During the following two months (October, November) the average price had a considerable increase of 123 % with regard to the previous two months. 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 8,863,374 and AED 8,543,332 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 8,169,660 they are 67 % more affordable than the average price for Al Barari. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,876,701.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of AED 1,220 / sq.feet, with an average AED 1,180 / sq.feet price in Al Barari. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,424 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 8,169,660 it is 67 % cheaper than the average price in Al Barari. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 11,430,854 it is 118 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 546 / sq.feet followed by "Flat" priced at AED 1,103 / sq.feet. "Apartment" is the most costly type of property with a AED 1,355 / sq.feet cost followed by "Villa" with an average price of AED 1,141 / sq.feet.