Recent research conducted by the Institute for Planning and Development has revealed that land prices in Dhaka have skyrocketed by as much as 2,740% or more than 27 times during the past 21 years, from 2000 to 2021, while the flat prices witnessed an increase of 716% or more than 7 times. In such a scenario, owning your home or flat is almost like a fairytale. Still, people never stop dreaming and planning. You might also be one of them. If yes, please read our blog- “Flat Price Comparison in Dhaka – Best – Tech Properties” to go ahead in the direction of making your dream come true.
Some of the Most Popular Areas in Dhaka
Dhanmondi:
Dhanmondi is a highly sought-after residential area located in Dhaka, Bangladesh. It is one of the oldest neighborhoods in the city and is known for its convenient location and modern amenities. Dhanmondi is situated in the heart of Dhaka, which makes it an ideal location for those who want easy access to universities, schools, hospitals, and shopping centers.
The price of flats in Dhanmondi can very depending on several factors, including the size of the apartment, the location of the building, and the amenities offered. On average, the price of a flat in Dhanmondi ranges from BDT 10,000 to BDT 20,000 per square foot. For instance, a 3-bedroom flat in Dhanmondi can cost anywhere between BDT 2 crore to BDT 4 crore. The price variation is largely influenced by the location of the building. Flats situated in prime locations in Dhanmondi, such as Road 27 or Road 32, are likely to be more expensive than those situated in other areas of the neighborhood.
Dhanmondi is an upscale neighborhood in Dhaka with modern amenities such as a pool, gym, and security. Flat prices vary based on location, size, and amenities offered. It’s ideal for you if you are seeking a luxurious lifestyle and are willing to invest in high-end property.
Get the present flat price trends in different areas of Dhanmondi from the following table:
| Area | 2020 (Avg Sft Price in BDT) | 2021 (Avg Sft Price in BDT) | Price Growth Rate |
|---|---|---|---|
| Circular Road | 7,234 | 7,939 | 10% |
| Central Road | 9,715 | 8,533 | -12% |
| Jhigatola Road | 6,525 | 6,279 | -4% |
| Green Road | 9,174 | 7,800 | -15% |
| North Road | 6,904 | 22,460 | 225% |
| North Circular Road | 42,857 | 6,333 | -85% |
| Road No 11A | 14,710 | 14,857 | 1% |
| Road No 10A | 18,742 | 8,530 | -54% |
| Road No 13 | 9,375 | 2,245 | 31% |
| Road No 12A | 11,711 | 10,562 | -10% |
| Road No 15 | 14,220 | 10,934 | -23% |
| Road No 14A | 12,982 | 10,278 | -21% |
| Road No 16 | 11,422 | 12,270 | 7% |
| Road No 15A | 13,333 | 13,333 | 0% |
| Road No 4A | 8,131 | 19,283 | 137% |
| Road No 4 | 13,163 | 14,831 | 13% |
| Road No 6 | 11,680 | 14,387 | 23% |
| Road No 5 | 14,735 | 11,054 | -25% |
| Road No 6A | 12,788 | 14,138 | 11% |
| Road No 6 | 11,680 | 14,387 | 23% |
| Road No 7A | 14,605 | 8,000 | -45% |
| Road No 7 | 15,963 | 13,246 | -17% |
| Road No 8A | 8,927 | 13,143 | 47% |
| Road No 8 | 13,697 | 11,313 | -17% |
| Sher-E-Bangla Road | 6,322 | 7,051 | 12% |
| Road No 9A | 10,500 | 16,225 | 55% |
| West Dhanmondi | 8,659 | 6,521 | -25% |
| Shukrabad | 8,579 | 9,088 | 6% |
| West End Street | 8,426 | 8,846 | 5% |
| West Dhanmondi and Shangkar | 6,936 | 6,859 | -1% |
Gulshan:
Gulshan is one of the most prestigious and popular areas in Dhaka, known for its upscale and luxurious lifestyle. The area boasts high-end residential complexes, luxurious shopping malls, and top-rated international schools. The area is a preferred choice for affluent individuals and expatriates looking for a comfortable and luxurious living experience in Dhaka.
The price of flats in Gulshan varies significantly based on several factors, including location, size, and amenities. On average, the price of flats in Gulshan ranges from BDT 15,000 to BDT 25,000 per square foot, making it one of the most expensive neighborhoods in Dhaka. For a 3-bedroom flat, the price can range from BDT 3 crore to BDT 6 crore, depending on the location and amenities. Flats located in prime locations and equipped with modern amenities such as swimming pools, gyms, and 24/7 security will likely be more expensive than those without such facilities.
Gulshan is a highly sought-after area in Dhaka, offering luxurious living, international standard amenities, and a great location. However, the high cost of living and steep property prices might make it an exclusive option for only a select few.
Here is a table that shows the price ranges of flats in different areas of Gulshan:
| Area | Price per Square Foot (BDT) | Price Range for 3-Bedroom Flat (BDT) |
|---|---|---|
| Gulshan 1 | 20,000 – 35,000 | 5 crore – 8 crores |
| Gulshan 2 | 18,000 – 30,000 | 4.5 crore – 7 crores |
| Gulshan 3 | 15,000 – 25,000 | 3.5 crore – 6 crores |
| Gulshan 4 | 12,000 – 22,000 | 3 crore – 4.5 crores |
| Gulshan 5 | 10,000 – 20,000 | 2.5 crore – 4 crores |
Remember that these prices are only approximate ranges and might vary based on factors such as location, size, and amenities provided. Again, prices might change over time due to market fluctuations and other factors.
Banani:
Banani is a neighborhood in Dhaka, Bangladesh that is known for its upscale lifestyle and trendy atmosphere. It is a popular residential area for the upper middle class and affluent individuals who enjoy vibrant nightlife, trendy cafes, and high-end restaurants. Due to its popularity and demand, the price of flats in Banani can range from BDT 12,000 to BDT 20,000 per square foot, making it one of the most expensive areas in the city.
The price of a 3-bedroom flat in Banani can vary greatly depending on the location and amenities. Generally, a flat with a prime location and top-of-the-line amenities can cost BDT 4.5 crore or more. On the other hand, a 3-bedroom flat with less prime location and fewer amenities might cost around BDT 2.5 crore. The price can also vary based on the quality of construction and the reputation of the developer.
Overall, Banani is a desirable area for those who value a luxurious lifestyle and modern amenities. But the high property prices in Banani might not be affordable for everyone, and you need to consider your budget and priorities before making a decision.
Here’s a table on flat prices in various areas in Banani:
| Area | Price per Square Foot (BDT) | Price Range for 3-Bedroom Flat (BDT) |
|---|---|---|
| Road 11 | 12,000 – 15,000 | 2.5 crore – 3.5 crores |
| Road 11A | 14,000 – 17,000 | 3 crore – 4.5 crores |
| Road 11B | 16,000 – 20,000 | 3.5 crore – 4.5 crores |
| Road 11C | 13,000 – 16,000 | 2.8 crore – 4 crores |
| Road 12 | 14,000 – 18,000 | 3 crore – 4.2 crores |
| Road 13 | 12,000 – 16,000 | 2.5 crore – 3.8 crores |
| Kamal Ataturk Avenue | 15,000 – 20,000 | 3.5 crore – 4.5 crores |
| Block D | 13,000 – 15,000 | 2.8 crore – 3.5 crores |
| Block E | 12,000 – 14,000 | 2.5 crore – 3 crores |
Note: The above prices are estimates and might vary based on various factors such as the quality of construction, location, amenities, and developer reputation. Conduct thorough research and consult with professionals before making any investment decision.
Bashudhara R/A:
Bashundhara R/A is a prominent residential area with a high demand for property. The average price of flats in 2021 was 8,136 BDT per sqft, a 2% increase from 2020. There are various types of apartments with different price points in different blocks, catering to different segments of society. Block A to J were popular areas to own an apartment in 2020 and 2021, while Block K to M witnessed a surge in popularity in 2021. Affordable apartments can be found in these areas.
Here’s a table on flat prices in various blocks in Bashundhara R/A:
| Block | Price per Square Foot (BDT) | Price for 3-Bedroom Flat (BDT) |
|---|---|---|
| Block A | 7,500 – 9,500 | 1.5 crore – 2.5 crore |
| Block B | 7,000 – 9,000 | 1.4 crore – 2.2 crore |
| Block C | 7,500 – 9,500 | 1.5 crore – 2.5 crore |
| Block D | 6,500 – 8,500 | 1.2 crore – 2 crore |
| Block E | 6,500 – 8,500 | 1.2 crore – 2 crore |
| Block F | 6,000 – 8,000 | 1 crore – 1.8 crore |
| Block G | 6,000 – 8,000 | 1 crore – 1.8 crore |
| Block H | 6,000 – 8,000 | 1 crore – 1.8 crore |
| Block I | 6,000 – 8,000 | 1 crore – 1.8 crore |
| Block J | 6,000 – 8,000 | 1 crore – 1.8 crore |
| Block K | 5,500 – 7,500 | 80 lakh – 1.5 crore |
| Block L | 5,500 – 7,500 | 80 lakh – 1.5 crore |
| Block M | 5,500 – 7,500 | 80 lakh – 1.5 crore |
Note: The above prices are estimates and might vary based on various factors such as the quality of construction, location, amenities, and developer reputation. Conduct thorough research and consult with professionals before making any investment decision.
Badda:
Badda is a popular residential area in Dhaka, Bangladesh, known for its affordable apartments and strategic location. Middle Badda, Uttar Badda, Shahjadpur, South Badda, Nurer Chala, and Vatara were the most popular areas to buy apartments in 2020 and 2021, with Jagannathpur, Khalibari Tek, and Merul Badda experiencing an upward trend in 2021. Despite a 7% increase in the average price per sqft in 2021, apartments in Badda remain relatively affordable. Vatara is the most desirable neighborhood, with an average price per sqft of 5,111 BDT, due to its essential amenities and strategic location.
Get the present flat price trends in different areas of Badda from the following table:
| Area | 2020 (Avg Sft Price in BDT) | 2021 (Avg Sft Price in BDT) | Price Growth Rate |
|---|---|---|---|
| Middle Badda | 6,377 | 6,474 | 1.52% |
| Merul Badda | 5,317 | 5,688 | 6.98% |
| Khilbari Tek | 4,929 | 5,156 | 4.61% |
| Jagannathpur | 6,525 | 6,610 | 1.30% |
| East Badda | 4,286 | 3,948 | -7.89% |
| Adarsha Nagar | 3,988 | 4,584 | 14.94% |
| Vatara | 5,341 | 5,629 | 5.39% |
| Uttar Badda | 4,796 | 5,109 | 6.53% |
| South Baridhara Residential Area, D.I.T. Project | 5,765 | 5,589 | -3.05% |
| South Badda | 5,878 | 6,721 | 14.34% |
| Shahjadpur | 5,432 | 6,681 | 22.99% |
| Nurer Chala | 6,203 | 6,500 | 4.79% |
| Natun Bazar | 10,989 | 7,287 | -33.69% |
| Middle Badda | 6,377 | 6,474 | 1.52% |
Mohammadpur:
Mohammadpur is a well-planned and developed area in Dhaka, Bangladesh, with the most housing societies in an area. The area has attracted many people to settle down and start a family. The average price per sqft for flats in Mohammadpur only increased by 2% in 2020 and 2021. Babar Road, Bochila, Chandrima Model Town, Dhaka Uddan, Mohammadi Housing LTD., Mohammadia Housing Society, PC Culture Housing, and Shekhertek were popular neighborhoods for flat purchases during this period.
Get the present flat price trends in different areas of Mohammadpur from the following table:
| Area | 2020 (Avg Sft Price in BDT) | 2021 (Avg Sft Price in BDT) | Price Growth Rate |
|---|---|---|---|
| Ali And Nur Real Estate | 7,059 | 6,000 | -15% |
| Aziz Moholla | 6,531 | 7,030 | 8% |
| Asad Avenue | 11,698 | 11,182 | -4% |
| Bash Bari Road | 6,149 | 7,867 | 28% |
| Babar Road | 7,038 | 7,377 | 5% |
| Bochila | 4,645 | 4,399 | -5% |
| Block F | 7,850 | 7,439 | -5% |
| Chad Uddan Housing | 4,333 | 4,387 | 1% |
| Bosila | 5,508 | 3,148 | -43% |
| Dhaka Uddan | 4,133 | 4,585 | 11% |
| Chandrima Model Town | 4,056 | 4,570 | 13% |
| Humayun Road | 9,208 | 11,383 | 24% |
| Green City Housing | 3,786 | 13,929 | 268% |
| Katashur | 6,288 | 6,256 | -1% |
| Jahuri Moholla | 5,760 | 17,567 | 205% |
| Mohammadi Homes R/A | 5,546 | 6,276 | 13% |
| Khilji Road | 9,483 | 7,076 | -25% |
| Mohammadia Housing Society | 6,781 | 7,575 | 12% |
| Mohammadi Housing LTD. | 5,541 | 5,975 | 8% |
| Nurjahan Road | 7,384 | 6,635 | -10% |
| Nobodoy Housing Society | 5,282 | 5,533 | 5% |
| Rajia Sultana Road | 6,773 | 9,194 | 36% |
| PC Culture Housing | 5,421 | 6,365 | 17% |
| Sat Masjid Housing | 5,986 | 5,214 | -13% |
| Salimullah Road | 7,078 | 5,385 | -24% |
| Sher Shah Suri Road | 5,600 | 27,778 | 396% |
| Shekhertek | 5,316 | 5,482 | 3% |
| Tajmahal Road | 8,645 | 8,527 | -1% |
| Sir Sayed Road | 10,703 | 11,757 | 10% |
| Tikka Para Road | 5,231 | 6,652 | 27% |
Mirpur:
Mirpur has been a popular area for property buyers in Dhaka for the last five years, with many people choosing to purchase property there over other areas. Specifically, the neighborhoods of Pallabi, Pirerbag, Rupnagar R/A, Section 1, Section 10, Section 11, Section 12, Section 15, Section 2, West Kazipara, West Monipur, and West Shewrapara were the most popular for flat purchases in 2020 and 2021. Despite its popularity, the average price per square foot for flats in Mirpur remained relatively stable during these years, with only a 3% increase from 2020 to 2021.
Get the present flat price trends in different areas of Mirpur from the following table:
| Area | 2020 (Avg Sft Price in BDT) | 2021 (Avg Sft Price in BDT) | Price Growth Rate |
|---|---|---|---|
| Ahmed Nagar | 5,155 | 4,933 | -4% |
| 3rd Colony | 4,000 | 6,633 | 66% |
| 2nd Colony | 4,033 | 4,952 | 23% |
| 1st Colony | 4,448 | 4,928 | 11% |
| Darussalam | 5,257 | 4,819 | -8% |
| Dakkhin Paikpara | 4,593 | 5,168 | 13% |
| East Monipur | 4,883 | 4,704 | -4% |
| East Kazipara | 4,680 | 4,452 | -5% |
| Kallyanpur | 4,804 | 5,393 | 12% |
| Middle Paikpara | 4,457 | 4,987 | 12% |
| Middle Monipur | 4,506 | 4,231 | -6% |
| Paikpara | 9,757 | 5,713 | -41% |
| Mirpur DOHS | 9,430 | 8,912 | -5% |
| Pirerbag | 4,738 | 5,084 | 7% |
| Pallabi | 5,804 | 6,205 | 7% |
| Section 1 | 5,314 | 4,763 | -10% |
| Rupnagar R/A | 4,980 | 5,057 | 2% |
| Section 11 | 5,057 | 5,530 | 9% |
| Section 10 | 5,289 | 5,665 | 7% |
| Section 13 | 5,103 | 3,789 | -26% |
| Section 12 | 4,985 | 5,473 | 10% |
| Section 2 | 5,568 | 5,417 | -3% |
| Section 15 | 6,679 | 7,598 | 14% |
| Section 7 | 5,143 | 6,227 | 21% |
| Section 6 | 5,848 | 5,853 | 0% |
| South Monipur | 4,167 | 4,571 | 10% |
| Shagufta New Road | 9,722 | 4,861 | -50% |
| West Monipur | 5,457 | 4,734 | -13% |
| West Kazipara | 4,704 | 4,937 | 5% |
| West Shewrapara | 5,103 | 4,303 | -16% |
Uttara:
Uttara remains a popular choice for new home buyers, despite being a top-tier neighborhood. Surprisingly, the average price per square foot for flats in Uttara actually fell by 2% in 2021 compared to 2020. All sectors of Uttara remained equally popular for apartment purchases during this time period.
Get the present flat price trends in different areas of Uttara from the following table:
| Area | 2020 (Avg Sft Price in BDT) | 2021 (Avg Sft Price in BDT) | Price Growth Rate |
|---|---|---|---|
| Sector 10 | 6,775 | 6,218 | -8% |
| Sector 1 | 15,240 | 9,757 | -36% |
| Sector 12 | 6,530 | 7,270 | 11% |
| Sector 11 | 7,437 | 7,709 | 4% |
| Sector 14 | 7,880 | 8,727 | 11% |
| Sector 13 | 8,983 | 9,554 | 6% |
| Sector 16 | 11,203 | 15,270 | 36% |
| Sector 15 | 7,345 | 11,413 | 55% |
| Sector 18 | 5,364 | 5,246 | -2% |
| Sector 17 | 7,791 | 11,453 | 47% |
| Sector 4 | 10,289 | 9,622 | -6% |
| Sector 3 | 9,053 | 9,271 | 2% |
| Sector 6 | 9,934 | 13,069 | 32% |
| Sector 5 | 8,016 | 7,435 | -7% |
| Sector 9 | 12,241 | 8,688 | -29% |
| Sector 7 | 9,268 | 9,401 | 1% |
DakshinKhan
Dakshin Khan has potential for growth in the housing market, particularly among the middle class. In 2020, an apartment’s average price was 4,664 BDT, rising to 4,916 BDT in 2021, a 5% increase. Ashkona, Faydabad, Madhya Ajampur, and Gawair are the areas that showed the most growth.
Get the present flat price trends in different areas of Dakshinkhan from the following table:
| Area | 2020 (Avg Sft Price in BDT) | 2021 (Avg Sft Price in BDT) | Price Growth Rate |
|---|---|---|---|
| Ashkona | 5,307 | 4,594 | -13% |
| Aainusbag | 4,490 | 4,315 | -4% |
| Chalabon | 5,000 | 4,588 | -8% |
| Chairman Para | 4,507 | 4,452 | -1% |
| Faydabad | 4,176 | 5,306 | 27% |
| East Azampur | 3,909 | 4,867 | 25% |
| Girls School Road | 3,960 | 4,440 | 12% |
| Gawair | 4,268 | 3,888 | -9% |
| Madhya Ajampur | 4,568 | 4,826 | 6% |
| Kawla | 4,579 | 12,113 | 165% |
| North Azampur | 4,545 | 5,391 | 19% |
| Moushair | 3,958 | 4,843 | 22% |
| South Azampur | 5,064 | 6,398 | 26% |
| Shahid Latif Road | 4,464 | 3,932 | -12% |
| South Mollartek | 4,984 | 4,542 | -9% |
| South Chalabon | 3,824 | 4,722 | 24% |
| West Mollartek | 3,990 | 3,766 | -6% |
| Taltola | 4,317 | 4,587 | 6% |
Final Words:
Now, you must have got an idea about flat prices in Dhaka from our blog “Flat Price Comparison in Dhaka – Best – Tech Properties”. Performing a competitive market analysis is essential when considering investing, selling, or purchasing a property. Failing to accurately assess a property’s value can result in significant financial losses. It is imperative to compare property prices and stay informed about current market trends.
Bonus part:
Frequently Asked Questions
Baridhara is a prime residential area located near Gulshan, with easy access to facilities, elegance, safety, and significance. It is situated on the Gulshan-Baridhara Lake and is the perfect destination for making your home.
Read also: Top areas to buy residential flat in Dhaka
Vatara Thana, located in the capital city of Dhaka, Bangladesh, is an affluent area that encompasses several neighborhoods such as Basundhara Residential Area, Vatara, Solmaid, Nurerchala, Khilbarirtek, Kalachandpur, and Kuril. The well-known Pragoti Sarani is also situated within the boundaries of Vatara Thana.
Bashundhara is a serene and picturesque area that offers an excellent living environment. Similar to Gulshan and Baridhara, it provides top-notch security measures with checkpoints at every entrance and tight surveillance. The neighborhood offers a diverse range of housing options, including small villas, duplexes, apartment complexes, and bungalows.
Check the following things before buying a flat in Bangladesh:
- Price of the Property:
To select a house or flat, start by setting a budget to facilitate the shortlisting of properties that fit within your financial capacity. To ensure a fair quotation, compare the property’s price with similar ones from various builders in the surrounding area. You can obtain comparative property analyses from portal listings, local brokers, or newspaper listings.
- Carpet Area of the Flat:
The area of a property listed as the super built-up area typically includes shafts, elevator space, stairs, and wall thickness, among others. On the other hand, the carpet area represents the actual area within the walls of the flat and can be up to 30% lesser than the built-up area. Additionally, when a floor is shared between two owners, the price of the common spaces is typically split between them.
- Property’s Legal Check:
Make sure the property is legally approved for construction by checking if the developer has obtained necessary approvals and NOCs from relevant authorities like the Municipal Corporation, water supply and sewage boards, electricity boards, and area development authorities. If you’re seeking a home loan, the bank will verify the property documents to ensure their authenticity before sanctioning the loan.
- Land Record:
When buying a flat, it’s important to research the land’s soil quality and topography, ensure there are no outstanding dues, and verify the title deed for ownership rights and obligations.
- Financing Banks:
Check with banks to see if they’re willing to finance the builder you’re considering as some banks may have a negative reputation and refuse to offer loans.
- Apartment Possession:
As a buyer, it’s important to have a clear timeline for possession as there is a trend of delays in commercial and residential plans. Developers often ask for a six-month grace period, but there should be a valid explanation for any delays.
- Agreement between Builder and Buyer:
To book a flat or house, you can give a token amount and receive an allotment letter. Then, a tripartite agreement is entered into between the buyer, bank, and builder for the rest of the amount. It’s important to read and understand this agreement thoroughly and raise any doubts before signing it.
- Additional and Hidden Charges:
Read all document clauses thoroughly and understand penalty clauses. Builders must pay monthly penalties for delayed possession. Consider additional expenses like GST, stamp duty, home loan processing fee, and registration charges.
- Flat Location:
When buying a house, consider the amenities, physical infrastructure, and proximity to basic places in the surrounding area. These factors are crucial for a peaceful living experience. Also, ensure the flat is located in a safe and secure place for the security of your family.
Recommended reading: Best place to buy a ready flat in Bangladesh.
Read also: Things to consider before buying a flat
Living expenses for a family of four are approximately BDT 143,928.4 per month, not including rent. For a single person, the estimated monthly cost is around BDT 41,632.7 without rent. Please read our blog “How to Reduce Cost of Living in Dhaka” to reduce this high cost.
From this blog, we can see that West Mollartek has the lowest flat price of tk 3766.
You want to know which areas is budget friendly area for buying flat in Dhaka? Then read through this article: Budget friendly areas in Dhaka for buy a flat
Yes, in some cases, flats might be cheaper than apartments, depending on factors such as location, amenities, and size. However, the terms “flat” and “apartment” can be used interchangeably in some regions, so it ultimately depends on the specific context and location.
Comilla and Chittagong are the cleanest cities in Bangladesh according to US AQI (Air Quality Index) and stand in 67th place.