The prices in real estate in Dubai Marina, 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 Dubai Marina has remained the same in the last 6 months. In December, the average price per sq.feet was AED 1,508. In January this price pretty much remained the same at a value of AED 1,441 per sq.feet. The price for the following two months in (February, March) decreased 90 % with regard to the prior two months. The price per sq.feet has increased 109 % 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 1,403 to AED 1,530 during April, and May.
Based upon to the price in Dubai Marina (cities), these have remained the same in the last 6 months. The average price for December is AED 2,091,083. During January the price had a slight fall till AED 1,950,326. In the following two months the average price has remained the same with regard to the previous two months from AED 2,020,704.5 to AED 2,022,129.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 2,299,504 they are 35 % more affordable than the average price for Dubai Marina. The properties with the highest average price have 4 bedrooms, Their price is 238 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,056,587.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,483 / sq.feet, with an average AED 1,625 / 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 3 bedrooms with a price at AED 1,716 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,299,504 it is 36 % 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 7,224,318 it is 241 % 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 1,176 / sq.feet followed by "Apartment" priced at AED 1,659 / sq.feet. "Office" is the most costly type of property with a AED 3,107 / sq.feet cost followed by "Commercial" with an average price of AED 1,928 / sq.feet.