Business Bay apartments show growing trends- Reports Bayut

Nov. 19, 2013 - PRLog -- After re-emerging from the crackdown of the property bubble, the property market of Dubai once again exhibits bloomy trends for its sale and rental prices. Owing to this, increased footfall of investors has been observed in the past one year and also in the current year.

Bayut.com http://www.bayut.com/ notices movements in the sale and rental prices of properties. According to the research conducted by analysts at Bayut.com, apartments in Business Bay show rising trajectories. The portal observed that the average sale price of 1-bedroom apartments in Business Bay showed spiking trend-line and the statistics gathered exhibit that the locality observed a poised growth.

Business Bay is generally regarded as one of the most sought-after locations in Dubai so it comes as no surprise that apartment sale prices http://www.bayut.com/dubai_business_bay_property/apartments-sale-5093-1.html/ here have been on the rise. The average sale price of 1-bedroom apartments in the locality was estimated to be AED 943,141 in Feb 2012. This figure then showed a further rise in 2^nd quarter and Bayut.com noted that the average sale price spiked to AED 991,819 in June 2012. The prices rose further by the end of 2012. In October 2012, the average price was estimated to be AED 1,077,050.

The current year also remained favourable in terms of property prices in the emirates of Dubai. Bayut.com noted that the average price of 1-bedroom apartments in Business Bay rose to AED 1,310,230 in February 2013. The further hike was witnessed in June 2013, when the average sale price was estimated to be AED 1,434,200. This shows that the first half of the year proved favourable for the locality.

Bayut.com noted that the prices rose further in the two months following the first half of the year. The estimated average price of 1-bedroom apartments in Business Bay was witnessed to be AED 1468043 in August 2013.

All the data gathered and research conducted by Bayut.com showed that Business Bay is one of the top localities where property prices rose notably and it is expected that prices will go up further in the coming time.

For more information please visit: http://www.bayut.com