The prices in real estate in Al Barsha, 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 Barsha has increased strongly during the last 6 months. In May, the average price per sq.feet was AED 1,095. In June this price pretty much remained the same at a value of AED 1,121 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 319 %. The price per sq.feet has had a considerable increase of 267 % 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 2,319 to AED 6,186 during September, and October.
Based upon to the price in Al Barsha (cities), this has gone downing the last 6 months. The price in May is AED 5,251,269, rising in June till AED 5,838,502. During the following two months (July, August) the average price fell 92 % 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 5,322,125.5 to AED 3,499,527, which means a 66 % 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 3,459,466 they are 79 % more affordable than the average price for Al Barsha. The properties with the lowest average price have 4 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 2,540,332.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 6,161 / sq.feet, with an average AED 6,388 / sq.feet price in Al Barsha. The properties with the highest average prices have 4 bedrooms. They are 41 % more expensive than the average followed by properties with 1 bedroom with a price at AED 8,523 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,459,466 it is 75 % cheaper than the average price in Al Barsha. "Flat" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Land". At a price of AED 11,762,000 it is 1343 % 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 854 / sq.feet followed by "Office" priced at AED 1,117 / sq.feet. "Villa" is the most costly type of property with a AED 9,175 / sq.feet cost followed by "Apartment" with an average price of AED 9,065 / sq.feet.