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 June, the average price per sq.feet was AED 1,224. In July this price pretty much remained the same at a value of AED 1,280 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from AED 1,252 to AED 1,330 per sq.feet. The price per sq.feet has had a considerable increase of 119 % 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 1,291 to AED 1,538.5 during October, and November.
Based upon to the price in Dubai Marina (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is AED 1,857,475. In July This price remains at AED 1,798,192. During the following two months (August, September) the price has had an average incrementation from AED 1,827,833.5 to AED 1,942,856.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 2,057,543 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 239 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,368,146.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,279 / sq.feet, with an average AED 1,525 / sq.feet price in Dubai Marina. The properties with the highest average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,500 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,057,543 it is 28 % 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 6,954,782 it is 314 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of AED 854 / sq.feet followed by "Flat" priced at AED 1,210 / sq.feet. "Commercial" is the most costly type of property with a AED 1,893 / sq.feet cost followed by "Penthouse" with an average price of AED 1,785 / sq.feet.