The prices in real estate in Al Barsha, in the Dubai region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Al Barsha has had a strong decrease during the last 6 months. In September, the average price per sq.feet was AED 5,984. In the following month the price per sq.feet increased to AED 6,388. The price for the following two months in (November, December) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 5,471.5 to AED 3,305 during January, and February.
Based upon to the price in Al Barsha (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is AED 3,539,588. In October This price remains at AED 3,459,466. During the following two months (November, December) the price has had an average incrementation from AED 3,499,527 to AED 3,831,638.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of AED 4,360,906 they are 77 % more affordable than the average price for Al Barsha. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,900,639.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 4,622 / sq.feet, with an average AED 2,491 / sq.feet price in Al Barsha. The properties with the highest average prices have 3 bedrooms. They are 196 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 7,016 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 4,360,906 it is 80 % cheaper than the average price in Al Barsha. "Flat" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Land". At a price of AED 19,345,875 it is 1323 % 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 1,082 / sq.feet followed by "Penthouse" priced at AED 1,119 / sq.feet. "Apartment" is the most costly type of property with a AED 7,730 / sq.feet cost followed by "Villa" with an average price of AED 7,254 / sq.feet.