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 January, the average price per sq.feet was AED 1,345. In February this price pretty much remained the same at a value of AED 1,353 per sq.feet. The price for the following two months in (March, April) decreased 92 % 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 1,296 to AED 1,288 during May y June
Based upon to the price in Business Bay (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is AED 1,686,280. In February This price remains at AED 1,731,503. In the following two months the average price has remained the same with regard to the previous two months from AED 1,708,891.5 to AED 1,750,922.5. 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 1,729,907 and AED 1,700,088 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,677,748 they are 19 % more affordable than the average price for Business Bay. The properties with the highest average price have 4 bedrooms, Their price is 321 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,180,052.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,211 / sq.feet, with an average AED 1,279 / sq.feet price in Business Bay. The properties with the highest average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,467 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 1,677,748 it is 34 % 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 "Commercial". At a price of AED 2,427,959 it is 746 % 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 956 / sq.feet followed by "Commercial" priced at AED 1,230 / sq.feet. "Penthouse" is the most costly type of property with a AED 1,721 / sq.feet cost followed by "Villa" with an average price of AED 1,351 / sq.feet.