The prices in real estate in Al Barari, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Al Barari has increased strongly during the last 6 months. In April, the average price per sq.feet was AED 1,258. In May this price pretty much remained the same at a value of AED 1,211 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,234.5 to AED 1,292.5 per sq.feet. The price per sq.feet has had a considerable increase of 171 % 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 1,263.5 to AED 2,161.5 during August, and September.
Based upon to the price in Al Barari (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is AED 11,122,272. In May This price remains at AED 10,690,954. In the following two months the average price has remained the same with regard to the previous two months from AED 10,906,613 to AED 11,284,096. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 12,174,355 they are 75 % more affordable than the average price for Al Barari. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 8,032,324.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 1,298 / sq.feet, with an average AED 2,154 / sq.feet price in Al Barari. The properties with the lowest average prices have 2 bedrooms. They are 16 % cheaper than the average followed by properties with 1 bedroom with a price at AED 1,677 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 12,174,355 it is 75 % 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 11,357,997 it is 45 % 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 538 / sq.feet followed by "Flat" priced at AED 1,226 / sq.feet. "Villa" is the most costly type of property with a AED 6,513 / sq.feet cost followed by "Apartment" with an average price of AED 1,870 / sq.feet.