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 1,242. In August this price pretty much remained the same at a value of AED 1,210 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,226 to AED 1,252.5 per sq.feet. The price per sq.feet has increased 106 % 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 1,239.25 to AED 1,310.5 during November, and December.
Based upon to the price in Business Bay (cities), this has gone downing the last 6 months. The average price for July is AED 1,845,153. During August the price had a slight fall till AED 1,732,915. During the following two months (September, October) the average price fell 94 % with regard to the previous two months. 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 1,734,833.75 and AED 1,804,456 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,912,029 they are 31 % more affordable than the average price for Business Bay. The properties with the highest average price have 4 bedrooms, Their price is 286 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,106,479.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 1,445 / sq.feet, with an average AED 1,439 / sq.feet price in Business Bay. The properties with the highest average prices have 4 bedrooms. They are 173 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,490 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 1,912,029 it is 40 % 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 "Villa". At a price of AED 3,948,750 it is 157 % 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 930 / sq.feet followed by "Flat" priced at AED 1,229 / sq.feet. "Penthouse" is the most costly type of property with a AED 6,593 / sq.feet cost followed by "Villa" with an average price of AED 5,643 / sq.feet.