Property prices for sale in Business Bay (Dubai)

The prices in real estate in Business Bay, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

AED 1,376,711
Average price last 6 months
AED 1,181.4
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Business Bay has increased strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to AED 1,244. The price for the following two months in (March, April) had a considerable increment of 203 %. The price per sq.feet has increased 113 % 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 943 to AED 1,067.5 during May, and June.

Average price

Based upon to the price in Business Bay (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching AED 1,289,696. During the following two months (March, April) the average price had a considerable increase of 229 % 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 risen strongly 125 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,288,228 they are 17 % more affordable than the average price for Business Bay. The properties with the highest average price have 4 bedrooms, Their price is 338 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,811,426.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,090 / sq.feet, with an average AED 1,148 / sq.feet price in Business Bay. The properties with the highest average prices have 2 bedrooms. They are 19 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,355 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,288,228 it is 45 % cheaper than the average price in Business Bay. "Apartment" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Office". At a price of AED 1,611,716 it is 1173 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of AED 369 / sq.feet followed by "Office" priced at AED 1,007 / sq.feet. "Penthouse" is the most costly type of property with a AED 2,337 / sq.feet cost followed by "Studio" with an average price of AED 1,470 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Business Bay
Number of properties used in region Dubai
AED 1,288,228
AED 1,148
25,872
834,354
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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