The prices in real estate in Business Bay, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Business Bay has remained the same in the last 6 months. In July, the average price per sq.feet was AED 1,254. In August this price pretty much remained the same at a value of AED 1,230 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,242 to AED 1,238 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 1,240 to AED 1,227 during November y December
Based upon to the price in Business Bay (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is AED 1,357,600. In August This price remains at AED 1,363,872. During the following two months (September, October) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 1,586,369 they are 3 % more affordable than the average price for Business Bay. The properties with the highest average price have 4 bedrooms, Their price is 341 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,071,191.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 1,302 / sq.feet, with an average AED 1,254 / sq.feet price in Business Bay. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,438 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of AED 1,586,369 it is 55 % 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 "Apartment". At a price of AED 1,741,048 it is 933 % 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 913 / sq.feet followed by "Commercial" priced at AED 1,100 / sq.feet. "Penthouse" is the most costly type of property with a AED 2,334 / sq.feet cost followed by "Apartment" with an average price of AED 1,479 / sq.feet.