Flat Price in Dhaka 2023: Affordable Neighborhood Comparisons
If you're considering buying a flat in Dhaka, one of the most important factors to consider is the price. Dhaka is a bustling city, with a range of neighborhoods to choose from, each with its own distinct personality and price point. For those looking to save money, used flat sales in Dhaka can offer significant cost savings compared to new construction.
In this post, we'll compare the prices of flats in various neighborhoods in Dhaka to help you make an informed decision on where to buy.
Buying guide to buying a flat in Dhaka
If you are looking to buy a flat in Dhaka, there are a few things to keep in mind to make the process easier.
Firstly, decide on your budget, as flat prices vary greatly depending on the neighborhood. Secondly, research the location you want to buy in, considering factors such as transport links, local amenities, and safety.
Next, decide on the size and type of flat you want, whether it is a studio apartment or a three-bedroom flat. Keep in mind that larger flats generally cost more. You should also consider the building's age, maintenance, and the availability of utilities such as electricity, gas, and water.
Once you have identified a few potential flats, visit them in person and carefully inspect them for any damages or maintenance issues. Be sure to negotiate the price with the seller, and seek advice from a trusted real estate agent if needed.
Finally, make sure all the paperwork is in order, including the title deed and transfer of ownership documents. And always remember to factor in additional expenses such as legal fees, stamp duty, and taxes when calculating the total cost of your flat purchase. By following these steps, you can find the perfect flat in Dhaka within your budget.
Top 10 Place to Buy Flat in Dhaka City
1. Gulshan
Gulshan is known to be one of the poshest areas in Dhaka and flat prices reflect that. In this area, flat prices can range anywhere from 1 crore taka to 20 crore taka! It all depends on the size of the flat and its location. For instance, a 1,500 square foot flat in Gulshan may cost around 5-7 crore taka. However, the prices can vary significantly depending on which part of Gulshan you are looking at. Keep in mind that the amenities and luxury factor can also affect the prices. If you are looking for a high-end lifestyle, Gulshan may be worth considering.
2. Banani
Banani is a great place to find a flat in Dhaka! This neighborhood is located in the heart of the city and has a great mix of residential and commercial properties. The flat prices in Banani are quite reasonable compared to other high-end neighborhoods like Gulshan or Baridhara. The average flat price in Banani is around 10-15 million BDT.
If you're looking for a luxurious flat in Banani, you can find some really nice options within a budget of 20-30 million BDT. However, if you're on a tighter budget, you can still find good options within 5-8 million BDT range. Overall, Banani is a great neighborhood to live in if you're looking for a well-connected area with reasonable flat prices.
3. Uttara
Uttara is a neighborhood in Dhaka that is becoming more popular for flat hunters due to its proximity to the airport and many modern amenities. The flat price in Dhaka Uttara ranges from around 5,000,000 BDT to 20,000,000 BDT depending on the location and size of the apartment. For a smaller, 1-bedroom apartment, you can expect to pay around 5,000,000 to 10,000,000 BDT.
However, for larger, luxury apartments in popular areas, the flat price can go up to 20,000,000 BDT. If you are on a budget, there are also options for used flat sale in Shantinagar Dhaka and Ring Road Shyamoli. Overall, Uttara is a great neighborhood to consider for those looking for a modern, convenient lifestyle.
4. Mohammadpur
When it comes to flat prices in Dhaka, Mohammadpur is one of the more affordable neighborhoods. You can find both new and used flats for sale at reasonable prices. If you're looking for a new flat, expect to pay around Tk 5,000-7,000 per square foot. However, you can find used flats for sale for around Tk 4,000-6,000 per square foot.
Some popular areas in Mohammadpur to look for flats include the Ring Road Shyamoli area and Green Road area. Overall, if you're looking for a budget-friendly option in Dhaka city, Mohammadpur is definitely worth considering.
5. Dhanmondi
Dhanmondi is a popular neighborhood in Dhaka for its calm and peaceful surroundings. If you are a businessmen then , you might be interested in the flat prices in this area. Well, the flat prices in Dhanmondi can vary depending on the location and amenities. The average price of a 2-bedroom flat in Dhanmondi can be around 80 to 100 lakh taka.
However, some flats with more facilities can cost up to 150 lakh taka. If you are looking for used flat sale in ring road shyamoli or luxury apartments for sale in Dhaka, then you might have to do some research. But, generally, Dhanmondi is a great area to find affordable and comfortable flats.
6. Mirpur
When it comes to flat prices in Dhaka, Mirpur is a neighborhood worth considering. The area is known for its affordable housing options, making it an excellent choice for those on a budget. In general, flat prices in Dhaka's Mirpur area range from 3,000,000 BDT to 8,000,000 BDT. Factors like the location, size, and quality of the flat will affect the price.
However, keep in mind that while Mirpur is more affordable than some of the city's other neighborhoods, it's also less developed and can be quite crowded. Nevertheless, if you're looking for an affordable option, Mirpur could be the right choice for you.
7. kallyanpur
Now let's take a look at the flat prices in Dhaka's Kallyanpur area. This neighborhood is located in the west of Dhaka and is known for its good transportation links to other parts of the city. As for the flat prices, you can find a 2-bedroom apartment for rent for around 20,000 BDT per month, and if you are looking to buy, a flat can cost you around 80-90 lakhs. The prices vary depending on the location of the flat, the facilities it offers, and the age of the building.
Overall, Kallyanpur offers reasonable flat prices in Dhaka city for those who are looking for a convenient location without breaking the bank.
8. Badda
Are you curious about the flat prices in Dhaka's Badda neighborhood? I'm here to tell you that the prices can vary depending on the area.
On average, the price of a flat in Badda can range from 4,000,000 BDT to 12,000,000 BDT, depending on the size and location. The Green Road area of Badda is usually more expensive due to its proximity to commercial centers and better facilities.
If you're looking for a more affordable option, there are some areas in Badda where you can find flats for around 4,000,000 BDT, like near the Badda Lake or Badda Thana. However, keep in mind that the further you are from the commercial centers, the lower the price will be.
So, there you have it, folks! Flat prices in Dhaka's Badda neighborhood can vary based on the location and facilities. Keep exploring to find the best fit for you!
9. Savar
If you're looking for affordable flat prices in Dhaka, then you might want to consider the area of Savar. Located on the outskirts of the city, Savar offers a peaceful environment with greenery all around. The average price for a flat in Savar ranges from 20-25 lakhs. While it may not be as centrally located as areas like Dhanmondi or Gulshan, Savar has its own charm.
You'll find plenty of schools, colleges, and universities in the area, making it a great place to raise a family. Additionally, it's well-connected to the rest of the city via highways and public transport. If you're on a tight budget, then Savar might just be the place for you.
10. Baridhara
Baridhara is an upscale residential area located in the heart of Dhaka city. It is well-known for its luxurious apartments and high-end living amenities. The flat price in Dhaka Baridhara varies depending on the size and location of the flat. On average, a 3-bedroom apartment in Baridhara costs around BDT 2-3 crore. However, smaller flats and studio apartments are available for a more affordable price.
The area is home to many diplomats and high-ranking officials, making it one of the safest neighborhoods in the city. If you're looking for a posh lifestyle with all the amenities, Baridhara might be the perfect fit for you.
What is the current average price of a flat in Dhaka?
Well, that depends on the neighborhood. In general, flat prices in Dhaka range from affordable to expensive. Some of the cheapest areas include Mirpur, Dhanmondi, Kallyanpur, and Badda, where you can find flats for as low as Tk 20-60 lakh.
On the other hand, the more affluent neighborhoods like Gulshan, Banani, and Baridhara can have flat prices ranging from Tk 2 crore and above. The price also varies depending on the location, size, and quality of the flat. As of now, the average price for a 3-bedroom flat in the Green Road area of Dhaka is around Tk 1.25 crore.
It's important to note that prices can fluctuate based on market conditions and demand, so it's always a good idea to do your research before making a decision.
What factors contribute to the variation in flat prices in Dhaka?
There are several factors that contribute to the variation in flat prices in Dhaka. The location is the biggest factor. The prime areas such as Gulshan, Banani, and Dhanmondi have higher prices than areas like Mirpur and Kallyanpur. The facilities available in the flat and the size of the flat also contribute to the variation in price.
In areas like Green Road and Kallyanpur, the prices of flats are lower compared to Gulshan and Banani because these areas are not as prime. Badda and Savar are also more affordable options compared to Dhanmondi and Baridhara.
Another factor is the age and condition of the building. Old buildings and ones in poor condition usually have lower prices compared to newly constructed ones with modern facilities.
Lastly, the demand for flats also affects the price. Areas with high demand and limited availability of flats have higher prices than areas with low demand.
It's important to consider these factors before purchasing a flat in Dhaka to get the best value for your money.
What is the average price per square foot of flats in Dhaka?
Well, it really depends on the location and other factors like the size and amenities of the flat. However, I can give you some idea about the prices. In areas like Gulshan, Banani, and Dhanmondi, the average price per square foot of flats is quite high, ranging from around 10,000 to 20,000 taka. On the other hand, areas like Mirpur, Kallyanpur, Badda, and Savar have relatively lower flat prices, with the average price per square foot being around 4,000 to 7,000 taka.
If you're looking for a flat in the Green Road area, the prices can vary quite a bit depending on the specific location. However, on average, the price per square foot is around 8,000 to 10,000 taka. Of course, these are just rough estimates and you'll need to do your own research to find a flat that fits your budget and needs.
| Place | Price (USD) | Price (BDT) |
|---|---|---|
| Gulshan | $184.31 | 22,109.56 Taka |
| Baridhara | $155.46 | 18,655.20 Taka |
| Dhanmondi | $122.00 | 14,640.00 Taka |
| Banani | $120.42 | 14,450.40 Taka |
| Uttara | $110.67 | 13,280.40 Taka |
| Mirpur | $103.50 | 12,420.00 Taka |
| Mohakhali | $103.50 | 12,420.00 Taka |
| Agargaon | $94.40 | 11,328.00 Taka |
| Khilgaon | $126.27 | 15,152.40 Taka |
| Shyamoli | $131.44 | 15,772.80 Taka |
| Mohammadpur | $126.24 | 15,148.80 Taka |
| Mirpur DOHS | $140.16 | 16,819.20 Taka |
| Wari | $144.40 | 17,328.00 Taka |
| Lalbagh | $137.28 | 16,473.60 Taka |
| Jatrabari | $113.20 | 13,584.00 Taka |
| Malibagh | $142.24 | 17,068.80 Taka |
Keep in mind that the prices can also vary depending on the type of building and the age of the flat. So, it's important to consider all of these factors when searching for a flat in Dhaka.
Are the flat prices in Dhaka increasing or decreasing?
Well, the answer is not straightforward. Flat prices in some areas are increasing, while in others, they are decreasing. For instance, the flat price in Dhaka Mirpur has remained stable in the past few years. In contrast, the flat price in Dhaka Green Road Area has been increasing steadily. Similarly, the flat price in Dhaka Kallyanpur has seen a slight decrease, whereas the flat price in Dhaka Badda has remained constant.
The flat prices vary depending on the location, amenities, and property type. Therefore, it's important to conduct thorough research and compare different areas' prices before investing in a flat in Dhaka.
FAQs
Q: What is the average flat price in Dhaka?
A: According to recent data, the average price of a flat in Dhaka is around BDT 30,000-15,0000 per square feet.
Q: Which areas in Dhaka offer the cheapest flat prices?
A: Areas such as Kallyanpur, Badda, and Mirpur are considered to have relatively lower flat prices compared to upscale neighborhoods like Gulshan and Banani.
Q: How much does a flat cost in Dhanmondi and Green Road area?
A: The flat price in Dhaka Dhanmondi and Green Road area ranges from BDT 12,000-20,000 per square feet, depending on factors such as location, size, and amenities.
Q: Why do flat prices in Dhaka vary so much across neighborhoods?
A: The variation in flat prices in Dhaka can be attributed to factors such as location, accessibility, demand, supply, amenities, and infrastructure. For instance, neighborhoods like Gulshan and Banani are prime locations with higher demand, while areas like Kallyanpur and Badda may not offer the same level of accessibility and amenities.
Conclusion
After researching and analyzing flat prices in various neighborhoods in Dhaka, I can say that the prices vary significantly depending on the location. If you are looking for a cheaper option, you can consider areas like Mirpur, Kallyanpur, and Badda. On the other hand, neighborhoods like Gulshan and Banani have higher average prices per square foot.
However, the Green Road area can be a great option if you want a middle-ground between cost and location. Remember that many factors contribute to flat prices in Dhaka, including the demand, facilities, and accessibility. It is crucial to research well before making a final decision.
