Property prices for sale in Bur Dubai (Dubai)
The prices in real estate in Bur Dubai, 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 Bur Dubai has increased during the last 6 months. In December, the average price per sq.feet was AED 1,738. In January this price pretty much remained the same at a value of AED 1,716 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,727 to AED 1,795.5 per sq.feet. The price per sq.feet has had a considerable increase of 132 % 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 1,761.25 to AED 2,326 during April, and May.
Based upon to the price in Bur Dubai (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is AED 2,280,356. In January This price remains at AED 2,259,982. During the following two months (February, March) the price has had an average incrementation from AED 2,270,169 to AED 2,402,553.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 382 % 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 15,305,400 they are 91 % more affordable than the average price for Bur Dubai. The properties with the lowest average price have 4 bedrooms, Their price is 67 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 4,125,076.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,580 / sq.feet, with an average AED 2,783 / sq.feet price in Bur Dubai. The properties with the highest average prices have 4 bedrooms. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 2,287 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 15,305,400 it is 85 % cheaper than the average price in Bur Dubai. "Office" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Apartment". At a price of AED 2,219,296 it is 60 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 480 / sq.feet followed by "Apartment" priced at AED 1,702 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,702 / sq.feet value followed by "Office" with an average price of AED 480 / sq.feet.
