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 March, the average price per sq.feet was AED 1,309. In the following month the price per sq.feet increased to AED 1,399. The price for the following two months in (May, June) decreased 91 % with regard to the prior two months. The price per sq.feet has decreased 95 % 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 1,295.25 to AED 1,228.5 during July, and August.
Based upon to the price in Business Bay (cities), these have remained the same in the last 6 months. The price in March is AED 1,778,159, rising in April till AED 1,948,580. During the following two months (May, June) the average price fell 90 % 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 1,770,803.5 and AED 1,683,627 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,614,899 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 268 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,367,843.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,136 / sq.feet, with an average AED 1,253 / sq.feet price in Business Bay. The properties with the highest average prices have 4 bedrooms. They are 319 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,543 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 1,614,899 it is 28 % 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 3,742,230 it is 1496 % 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 931 / sq.feet followed by "Commercial" priced at AED 1,146 / sq.feet. "Penthouse" is the most costly type of property with a AED 17,421 / sq.feet cost followed by "Villa" with an average price of AED 8,842 / sq.feet.