The prices in real estate in Al Barsha, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Al Barsha has fallen in the last 6 months. In August, the average price per sq.feet was AED 1,062. In September this price pretty much remained the same at a value of AED 1,031 per sq.feet. The price for the following two months in (October, November) decreased 95 % with regard to the prior two months. 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 1,018.25 to AED 1,009.5 during December y January
Based upon to the price in Al Barsha (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is AED 2,488,485. During September the price went through a considerable rise reaching AED 3,721,077. During the following two months (October, November) the average price had a considerable increase of 126 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 3,509,062.75 and AED 3,567,482 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,620,210 they are 76 % more affordable than the average price for Al Barsha. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,904,912.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 971 / sq.feet, with an average AED 1,042 / sq.feet price in Al Barsha. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,011 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 3,620,210 it is 77 % cheaper than the average price in Al Barsha. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of AED 16,269,197 it is 2050 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 966 / sq.feet followed by "Land" priced at AED 1,000 / sq.feet. "Commercial" is the most costly type of property with a AED 5,049 / sq.feet cost followed by "Apartment" with an average price of AED 1,085 / sq.feet.