The prices in real estate in Dubai Marina, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Dubai Marina has fallen in the last 6 months. In April, the average price per sq.feet was AED 1,775. In the following month the price per sq.feet decreased to AED 1,655. In the following two months the price per sq.feet has barely changed, going from AED 1,715 to AED 1,642 per sq.feet. 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 1,678.5 to AED 1,605.5 during August y September
Based upon to the price in Dubai Marina (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is AED 2,368,616. In May This price remains at AED 2,444,469. In the following two months the average price has remained the same with regard to the previous two months from AED 2,406,542.5 to AED 2,336,572.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from AED 2,371,557.5 to AED 2,147,365.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,992,440 they are 27 % more affordable than the average price for Dubai Marina. The properties with the highest average price have 4 bedrooms, Their price is 290 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,902,426.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,476 / sq.feet, with an average AED 1,582 / sq.feet price in Dubai Marina. The properties with the highest average prices have 4 bedrooms. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,730 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 1,992,440 it is 4 % cheaper than the average price in Dubai Marina. "Flat" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Office". At a price of AED 11,817,978 it is 520 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of AED 1,558 / sq.feet followed by "Flat" priced at AED 1,705 / sq.feet. "Office" is the most costly type of property with a AED 3,697 / sq.feet cost followed by "Penthouse" with an average price of AED 2,223 / sq.feet.