The prices in real estate in Al Barsha, 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 Barsha has increased during the last 6 months. In December, the average price per sq.feet was AED 977. In the following month the price per sq.feet increased to AED 1,042. In the following two months the price per sq.feet has barely changed, going from AED 1,009.5 to AED 1,038 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 1,023.75 to AED 1,066.5 during April y May
Based upon to the price in Al Barsha (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is AED 3,514,754. In January This price remains at AED 3,620,210. In the following two months the average price has remained the same with regard to the previous two months from AED 3,567,482 to AED 3,461,259.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 136 % 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 5,251,269 they are 85 % more affordable than the average price for Al Barsha. The properties with the lowest average price have 4 bedrooms, Their price is 34 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 3,454,000.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 941 / sq.feet, with an average AED 1,095 / sq.feet price in Al Barsha. The properties with the lowest average prices have 3 bedrooms. They are 6 % cheaper than the average followed by properties with 4 bedrooms with a price at AED 1,017 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 5,251,269 it is 82 % cheaper than the average price in Al Barsha. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of AED 17,650,243 it is 763 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of AED 967 / sq.feet followed by "Villa" priced at AED 987 / sq.feet. "Commercial" is the most costly type of property with a AED 3,002 / sq.feet cost followed by "Land" with an average price of AED 1,187 / sq.feet.