Reading time: 4 minutes, Category: Finance & Economics
This article is brought to you by BestBari, the trusted real estate company of Bangladesh and offers you exclusive access to the premium flats for sale in Dhaka.
Looking to invest in a premium flat sale in Dhaka but unsure about the prices? You are not alone. Understanding apartment prices in Dhaka can be a complex task, but do not worry BestBari has you covered. In this comprehensive guide, we will walk you through everything you need to know about apartment prices in Dhaka, from the factors that influence them to the current market trends.
Whether you’re a first-time buyer or an experienced investor, this guide will provide you with the knowledge you need to make informed decisions and get the best value for your money. Dive into our expert analysis and gain insights into the various neighbourhoods, amenities, and property types that affect apartment prices in Dhaka. Don’t let the confusion stop you from making a smart investment. Equip yourself with the knowledge and expertise to navigate the Dhaka real estate market with confidence. Let’s begin your journey to understanding apartment prices in Dhaka.
Factors influencing Dhaka apartment prices
Looking to invest in an apartment in Dhaka but unsure about the prices? You’re not alone. Understanding apartment prices in Dhaka can be a complex task, but don’t worry, we’ve got you covered. In this comprehensive guide, we will walk you through everything you need to know about apartment prices in Dhaka, from the factors that influence them to the current market trends. Whether you’re a first-time buyer or an experienced investor, this guide will provide you with the knowledge you need to make informed decisions and get the best value for your money.
Dive into our expert analysis and gain insights into the various neighbourhoods, amenities, and property types that affect apartment prices in Dhaka. Don’t let the confusion stop you from making a smart investment. Equip yourself with the knowledge and expertise to navigate the Dhaka real estate market with confidence. Let’s begin your journey to understanding apartment prices in Dhaka.
Types of apartments for sale in Dhaka
Apartment prices in Dhaka are influenced by a variety of factors. The first factor to consider is the location of the apartment. Dhaka is a city with diverse neighbourhoods, and each neighborhood has its own unique characteristics that can impact the price of an apartment. Factors such as proximity to schools, hospitals, shopping malls, and transportation hubs can significantly influence the demand and, subsequently, the price of an apartment.
Another important factor to consider is the size and layout of the apartment. Larger apartments with more bedrooms and bathrooms generally command higher prices. Additionally, apartments with modern amenities such as swimming pools, gyms, and parking spaces tend to be priced higher than those without these facilities.
The overall condition of the apartment and the quality of construction also play a role in determining the price. Newer apartments with modern finishes and high-quality construction materials are generally priced higher than older apartments that may require renovation or maintenance.
Average apartment prices in different areas of Dhaka
In Dhaka, you can find a wide range of apartment types to suit different budgets and preferences. The most common types of apartments include studio apartments, one-bedroom apartments, two-bedroom apartments, and three-bedroom apartments. Studio apartments are typically the smallest and most affordable option, while three-bedroom apartments are larger and more expensive.
Apartments in Dhaka can be found in both high-rise buildings and low-rise buildings. High-rise apartments offer stunning views of the city and often come with additional amenities such as rooftop gardens and 24-hour security. On the other hand, low-rise apartments are usually more affordable and offer a quieter living environment.
For access to the best prices for premium flat sales in Dhaka please contact us. The BestBari team has access to the best flats for sale in Dhaka at competitive prices given our extensive network of prominent real-estate developers and private sellers of property in Dhaka.
Current trends in apartment prices in Dhaka
The price per square foot is a commonly used metric to compare apartment prices in Dhaka. It is calculated by dividing the total price of an apartment by its total area in square feet. Understanding the price per square foot can help you determine the relative value of different apartments and make more informed decisions.
In general, apartments with a higher price per square foot are considered more expensive, while those with a lower price per square foot are considered more affordable. However, it’s important to consider other factors such as location, amenities, and overall condition when evaluating the value of an apartment.
For example, a small apartment in an upscale neighbourhood may have a higher price per square foot compared to a larger apartment in a more affordable area. In this case, the higher price per square foot is justified by the prestige and convenience associated with the upscale neighbourhood.
Tips for buying an apartment in Dhaka at a reasonable price
The apartment prices in Dhaka have been steadily increasing over the years due to the growing demand for housing and the limited supply of land. However, the COVID-19 pandemic has had a slight impact on the real estate market, causing a temporary slowdown in price growth.
As the economy recovers and the demand for apartments picks up again, experts predict that prices will continue to rise. This makes it an opportune time to invest in apartments in Dhaka, as you can benefit from the potential appreciation in value.
Additionally, there has been a shift in preferences among buyers, with a growing demand for apartments with more space, outdoor areas, and amenities that cater to remote working and social distancing. Developers offering Premium Flat Sales in Dhaka are adapting to these changing preferences by offering larger apartments, balconies, and communal spaces that meet the needs of the post-pandemic lifestyle.
Renting vs. buying an apartment in Dhaka
Buying an apartment in Dhaka at a reasonable price requires careful consideration and research. Here are some tips to help you make a smart investment:
1. Define your budget: Determine how much you can afford to spend on an apartment and stick to your budget. Determine how much you can afford to spend on an apartment and stick to your budget.
2. Research the market: Stay updated on the current trends and prices in the Dhaka real estate market to identify opportunities and make informed decisions. For example use BestBari’s online search feature to stay up to date with the best Dhaka flat sales available for purchase.
3. Consider off-plan properties: Off-plan properties, which are yet to be completed, often come with attractive pricing and payment plans.
4. Negotiate: Don’t be afraid to negotiate the price with the seller or developer. You may be able to secure a better deal or get additional incentives.
5. Hire a trusted real estate specialist: Engage the services of a reputable real estate agent who has extensive knowledge of the market and can guide you through the buying process. For example, BestBari is a trust real estate company of Bangladesh and can help guide the buying process and find you exclusive property deals from reputable property developers and private sellers looking to sell premium apartments in Dhaka.
By following these tips, you can increase your chances of finding an apartment in Dhaka at a reasonable price that meets your requirements.
Final thoughts on apartment prices in Dhaka
Deciding whether to rent or buy an apartment in Dhaka depends on your long-term goals and financial situation. Renting offers flexibility and requires less upfront investment, making it suitable for those who are unsure about their future plans or prefer not to commit to a long-term investment.
On the other hand, buying an apartment allows you to build equity and potentially benefit from the appreciation in property value over time. It provides stability and the freedom to customize your living space according to your preferences. However, buying an apartment requires a significant upfront investment and long-term financial commitment.
To make an informed decision, consider your financial stability, long-term plans, and personal preferences. If you have the financial means and are planning to settle in Dhaka for the long term, buying an apartment can be a wise investment.
BestBari is the trusted real estate company of Bangladesh with exclusive access to premium flat sales in Dhaka. Please contact us to find how we can help you with your property journey in Bangladesh.