Property prices for sale in Business Bay (Dubai)
The prices in real estate in Business Bay, 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 Business Bay has increased during the last 6 months. In October, the average price per sq.feet was AED 1,218. In November this price pretty much remained the same at a value of AED 1,182 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 118 %. 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 1,307.75 to AED 1,341.5 during February y March
Based upon to the price in Business Bay (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is AED 1,649,424. In November This price remains at AED 1,696,883. During the following two months (December, January) the price has had an average incrementation from AED 1,673,153.5 to AED 1,794,704.5. 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 1,733,929 and AED 1,817,192 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,778,159 they are 29 % more affordable than the average price for Business Bay. The properties with the highest average price have 4 bedrooms, Their price is 247 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,195,373.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,292 / sq.feet, with an average AED 1,309 / sq.feet price in Business Bay. The properties with the highest average prices have 4 bedrooms. They are 234 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,487 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 1,778,159 it is 31 % cheaper than the average price in Business Bay. "Flat" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Duplex". At a price of AED 4,701,576 it is 637 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 922 / sq.feet followed by "Commercial" priced at AED 1,181 / sq.feet. "Penthouse" is the most costly type of property with a AED 7,197 / sq.feet cost followed by "Duplex" with an average price of AED 6,043 / sq.feet.
