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 September, the average price per sq.feet was AED 2,154. In the following month the price per sq.feet increased considerably to AED 3,575. The price for the following two months in (November, December) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 2,640.25 to AED 1,834 during January, and February.
Based upon to the price in Al Barari (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is AED 12,174,355. In October This price remains at AED 12,261,806. During the following two months (November, December) the average price fell 87 % 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 11,402,742 to AED 9,029,832, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 8,611,550 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 1 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,510,000.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of AED 1,130 / sq.feet, with an average AED 1,095 / sq.feet price in Al Barari. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,301 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 8,611,550 it is 66 % 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 11,831,922 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Flat" at an average cost of AED 1,126 / sq.feet followed by "Apartment" priced at AED 1,387 / sq.feet. "Villa" is the most costly type of property with a AED 4,510 / sq.feet cost followed by "Land" with an average price of AED 2,277 / sq.feet.