The prices in real estate in Dubai Marina, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Dubai Marina has increased during the last 6 months. In February, the average price per sq.feet was AED 1,323. In March this price pretty much remained the same at a value of AED 1,340 per sq.feet. In the following two months the price per sq.feet has increased 115 %, going from AED 1,331.5 to AED 1,530 per sq.feet. The price per sq.feet has increased 111 % 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 1,430.75 to AED 1,592 during June, and July.
Based upon to the price in Dubai Marina (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is AED 2,055,477. In March This price remains at AED 1,988,782. During the following two months (April, May) the price has had an average incrementation from AED 2,022,129.5 to AED 2,149,797. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 2,419,213 they are 36 % more affordable than the average price for Dubai Marina. The properties with the highest average price have 4 bedrooms, Their price is 206 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,649,205.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,254 / sq.feet, with an average AED 1,558 / sq.feet price in Dubai Marina. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,729 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,419,213 it is 39 % cheaper than the average price in Dubai Marina. "Apartment" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Commercial". At a price of AED 6,860,881 it is 228 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 1,155 / sq.feet followed by "Apartment" priced at AED 1,531 / sq.feet. "Villa" is the most costly type of property with a AED 17,618 / sq.feet cost followed by "Penthouse" with an average price of AED 12,789 / sq.feet.