The prices in real estate in Dubai Marina, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Dubai Marina has increased strongly during the last 6 months. In August, the average price per sq.feet was AED 1,256. In the following month the price per sq.feet increased to AED 1,404. The price for the following two months in (October, November) had a considerable increment of 116 %. 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 1,434.25 to AED 1,474.5 during December y January
Based upon to the price in Dubai Marina (cities), this has gone up in the last 6 months. The average price during our first sample month during August, is AED 1,802,773. During September the price went through a considerable rise reaching AED 2,082,940. During the following two months (October, November) the price has had an average incrementation from AED 1,942,856.5 to AED 2,107,922.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 2,025,389.5 and AED 2,020,704.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,950,326 they are 21 % more affordable than the average price for Dubai Marina. The properties with the highest average price have 4 bedrooms, Their price is 258 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,704,286.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,390 / sq.feet, with an average AED 1,441 / sq.feet price in Dubai Marina. The properties with the highest average prices have 4 bedrooms. They are 15 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,515 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,950,326 it is 18 % 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 7,495,512 it is 292 % 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 1,301 / sq.feet followed by "Apartment" priced at AED 1,437 / sq.feet. "Duplex" is the most costly type of property with a AED 3,355 / sq.feet cost followed by "Commercial" with an average price of AED 1,923 / sq.feet.