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 February, the average price per sq.feet was AED 1,385. In March this price pretty much remained the same at a value of AED 1,363 per sq.feet. The price for the following two months in (April, May) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 1,332.5 to AED 1,252 during June, and July.
Based upon to the price in Dubai Marina (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is AED 2,011,442. In March This price remains at AED 1,959,077. In the following two months the average price has remained the same with regard to the previous two months from AED 1,985,259.5 to AED 1,904,804.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from AED 1,945,032 to AED 1,827,833.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,798,192 they are 33 % more affordable than the average price for Dubai Marina. The properties with the highest average price have 4 bedrooms, Their price is 195 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,806,983.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 962 / sq.feet, with an average AED 1,280 / sq.feet price in Dubai Marina. The properties with the highest average prices have 2 bedrooms. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,373 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,798,192 it is 59 % 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 "Villa". At a price of AED 7,019,390 it is 315 % 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 1,250 / sq.feet followed by "Flat" priced at AED 1,276 / sq.feet. "Penthouse" is the most costly type of property with a AED 1,662 / sq.feet cost followed by "Commercial" with an average price of AED 1,660 / sq.feet.