When it comes to buying, selling, or investing in apartments, having in-depth knowledge of the current price trends for flats is crucial. These trends help investors, buyers, and sellers to know whether it is the correct time to buy or sell properties in Dhaka. Moreover, current flat price trends and their movement over the years show the overall direction of the real estate market.
According to Bproperty data, in 2021, the average price per sft for a flat in Dhaka stood at 6,340 BDT, which was 2% less than the year 2020. In that time period, nearly 38 localities showed an upward price trend while 29 localities witnessed a downward trend out of 67 areas of Dhaka compared to 2020.
But, the scenario is changing for Dhaka in 2022. Based on the data as of April 2022, the average price per sft for a flat in Dhaka increased by 9% compared to last year. However, I will compare 2021 data against 2020 data as the datasets are similarly distributed for a fair comparison.
Find the flat price comparison in Dhaka for the areas that had the most listings added in the years 2020 and 2022 below.
Badda
Badda remained one of the most popular areas to buy a home in 2020 and 2021. Especially for people looking to purchase an apartment without breaking the bank. While Middle Badda, Uttar Badda, Shahjadpur, South Badda, Nurer Chala, and Vatara were the most popular areas to buy an apartment in 2021 and 2020, Jagannathpur, Khilbari Tek, and Merul Badda experienced an upward trend in 2021.
However, in contrast to 2020, the average price per sft for a flat in 2021 was 7% higher. And with an average price per sft of 5,111 BDT for a flat in 2021, the neighborhood of Vatara was the most popular neighborhood of Badda.
Below is the price trends breakdown for Badda, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Avg sft price | Avg sft price | ||
| Adarsha Nagar | 3,988 | 4,584 | 14.94% |
| East Badda | 4,286 | 3,948 | -7.89% |
| Jagannathpur | 6,525 | 6,610 | 1.30% |
| Khilbari Tek | 4,929 | 5,156 | 4.61% |
| Merul Badda | 5,317 | 5,688 | 6.98% |
| Middle Badda | 6,377 | 6,474 | 1.52% |
| Natun Bazar | 10,989 | 7,287 | -33.69% |
| Nurer Chala | 6,203 | 6,500 | 4.79% |
| Shahjadpur | 5,432 | 6,681 | 22.99% |
| South Badda | 5,878 | 6,721 | 14.34% |
| South Baridhara Residential Area,D.I.T. Project |
5,765 | 5,589 | -3.05% |
| Uttar Badda | 4,796 | 5,109 | 6.53% |
| Vatara | 5,341 | 5,629 | 5.39% |
Bashundhara R-A
Although Bashundhara R/A is still a developing residential area, it has never lost its charm as one of the most prominent localities in the city. The property demand in Bashundhara R/A has never been higher causing its property price to skyrocket.
Based on our data, Bashundhara R/A had an average price of 8,136 BDT per sft for flats in 2021 which was 2% higher than in 2020.
Due to its diversity, there are several types of apartments within different price points to serve different segments of society. That is to say, Block A, B, C, D, E, F, G, H, I, and J were the most sought-after areas to own an apartment in the years 2020 and 2021.
However, in 2021, Block K, L, and M also witnessed a surge in popularity in terms of demand. So, if you are looking for options for affordable apartments in Bashundhara R/A, then this might be the suitable choice for you.
Below is the price trends break down for Bashundhara R-A, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Average sft price | Average sft price | ||
| Block A | 8,367 | 7,841 | -6% |
| Block B | 8,240 | 8,356 | 1% |
| Block C | 8,255 | 8,937 | 8% |
| Block D | 8,285 | 8,709 | 5% |
| Block E | 7,927 | 7,776 | -2% |
| Block F | 8,553 | 8,129 | -5% |
| Block G | 7,764 | 8,015 | 3% |
| Block H | 8,880 | 7,889 | -11% |
| Block I | 7,679 | 8,089 | 5% |
| Block J | 6,871 | 7,960 | 16% |
| Block K | 10,302 | 7,828 | -24% |
| Block L | 7,212 | 8,293 | 15% |
| Block M | 6,675 | 7,598 | 14% |
| Block N | 4,487 | 7,923 | 77% |
| Block P | 3,858 | 4,560 | 18% |
Dakshin Khan
Although not as popular in comparison with other areas in this list, Dakshin Khan has shown huge potential for growth in the future of the housing market. Just like Badda, Dakshin Khan has also become popular amongst people with middle-class status.
In 2020, the average sft price for an apartment was 4,664 BDT for Dakshin Khan which went up to 4,916 BDT in 2021; a 5% increase in price.
While every area of Dakshin Khan has something special about them, it was Ashkona, Faydabad, Gawair, and Madhya Ajampur that showed the most growth.
Below is the price trends break down for Dakshin Khan, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Average sft price | Average sft price | ||
| Aainusbag | 4,490 | 4,315 | -4% |
| Ashkona | 5,307 | 4,594 | -13% |
| Chairman Para | 4,507 | 4,452 | -1% |
| Chalabon | 5,000 | 4,588 | -8% |
| East Azampur | 3,909 | 4,867 | 25% |
| Faydabad | 4,176 | 5,306 | 27% |
| Gawair | 4,268 | 3,888 | -9% |
| Girls School Road | 3,960 | 4,440 | 12% |
| Kawlar | 4,579 | 12,113 | 165% |
| Madhya Ajampur | 4,568 | 4,826 | 6% |
| Moushair | 3,958 | 4,843 | 22% |
| North Azampur | 4,545 | 5,391 | 19% |
| Shahid Latif Road | 4,464 | 3,932 | -12% |
| South Azampur | 5,064 | 6,398 | 26% |
| South Chalabon | 3,824 | 4,722 | 24% |
| South Mollartek | 4,984 | 4,542 | -9% |
| Taltola | 4,317 | 4,587 | 6% |
| West Mollartek | 3,990 | 3,766 | -6% |
Dhanmondi
Dhanmondi has always been a premium area with unmatched civic benefits, amenities and facilities. And in the years 2020 and 2021 its status as a premium area remained firm. This area of Dhaka has never actually experienced any shortage in demand.
In 2021, the average price per sft for a flat was 10,651 BDT in Dhanmondi which was 9% more than the previous year of 2020.
Among all the neighborhoods of Dhanmondi, Road No 11A, Road No 12A, Road No 8A, Road No 9A, West Dhanmondi, and West Dhanmondi and Shangkar were the most coveted.
Below is the price trends break down for Dhanmondi, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Average sft price | Average sft price | ||
| Central Road | 9,715 | 8,533 | -12% |
| Circular Road | 7,234 | 7,939 | 10% |
| Green Road | 9,174 | 7,800 | -15% |
| Jhigatola Road | 6,525 | 6,279 | -4% |
| North Circular Road | 42,857 | 6,333 | -85% |
| North Road | 6,904 | 22,460 | 225% |
| Road No 10A | 18,742 | 8,530 | -54% |
| Road No 11A | 14,710 | 14,857 | 1% |
| Road No 12A | 11,711 | 10,562 | -10% |
| Road No 13 | 9,375 | 2,245 | 31% |
| Road No 14A | 12,982 | 10,278 | -21% |
| Road No 15 | 14,220 | 10,934 | -23% |
| Road No 15A | 13,333 | 13,333 | 0% |
| Road No 16 | 11,422 | 12,270 | 7% |
| Road No 4 | 13,163 | 14,831 | 13% |
| Road No 4A | 8,131 | 19,283 | 137% |
| Road No 5 | 14,735 | 11,054 | -25% |
| Road No 6 | 11,680 | 14,387 | 23% |
| Road No 6A | 12,788 | 14,138 | 11% |
| Road No 7 | 15,963 | 13,246 | -17% |
| Road No 7A | 14,605 | 8,000 | -45% |
| Road No 8 | 13,697 | 11,313 | -17% |
| Road No 8A | 8,927 | 13,143 | 47% |
| Road No 9A | 10,500 | 16,225 | 55% |
| Sher-E-Bangla Road | 6,322 | 7,051 | 12% |
| Shukrabad | 8,579 | 9,088 | 6% |
| West Dhanmondi | 8,659 | 6,521 | -25% |
| West Dhanmondi and Shangkar | 6,936 | 6,859 | -1% |
| West End Street | 8,426 | 8,846 | 5% |
Mirpur
Mirpur has been one of the most popular areas to buy for the last five years or so. Being the largest area of Dhaka, it has plenty to offer and people are more inclined to buy a property in Mirpur than in any other area.
The neighborhood 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 had been the most popular in terms of flat purchase in the years 2020 and 2021.
And for its popularity, the average price per sft for flats remained comparatively stable in 2020 and 2021. From 2020 to 2021, Mirpur only witnessed 3% price increase.
Below is the price trends break down for Mirpur, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Average sft price | Average sft price | ||
| 1st Colony | 4,448 | 4,928 | 11% |
| 2nd Colony | 4,033 | 4,952 | 23% |
| 3rd Colony | 4,000 | 6,633 | 66% |
| Ahmed Nagar | 5,155 | 4,933 | -4% |
| Dakkhin Paikpara | 4,593 | 5,168 | 13% |
| Darussalam | 5,257 | 4,819 | -8% |
| East Kazipara | 4,680 | 4,452 | -5% |
| East Monipur | 4,883 | 4,704 | -4% |
| East Shewrapara | 4,678 | 5,346 | 14% |
| Kallyanpur | 4,804 | 5,393 | 12% |
| Middle Monipur | 4,506 | 4,231 | -6% |
| Middle Paikpara | 4,457 | 4,987 | 12% |
| Mirpur DOHS | 9,430 | 8,912 | -5% |
| Paikpara | 9,757 | 5,713 | -41% |
| Pallabi | 5,804 | 6,205 | 7% |
| Pirerbag | 4,738 | 5,084 | 7% |
| Rupnagar R/A | 4,980 | 5,057 | 2% |
| Section 1 | 5,314 | 4,763 | -10% |
| Section 10 | 5,289 | 5,665 | 7% |
| Section 11 | 5,057 | 5,530 | 9% |
| Section 12 | 4,985 | 5,473 | 10% |
| Section 13 | 5,103 | 3,789 | -26% |
| Section 15 | 6,679 | 7,598 | 14% |
| Section 2 | 5,568 | 5,417 | -3% |
| Section 6 | 5,848 | 5,853 | 0% |
| Section 7 | 5,143 | 6,227 | 21% |
| Shagufta New Road | 9,722 | 4,861 | -50% |
| South Monipur | 4,167 | 4,571 | 10% |
| West Kazipara | 4,704 | 4,937 | 5% |
| West Monipur | 5,457 | 4,734 | -13% |
| West Shewrapara | 5,103 | 4,303 | -16% |
Mohammadpur
Like Bashundhara R/A and Dhanmondi, Mohammadpur is also very organized and has the most housing societies in an area inside Dhaka. Undoubtedly the area is well planned and meticulously developed to support a better lifestyle for everyone.
This is why, over the years, the area has grabbed the attention of many people to settle down and start a family. With only a 2% price increase, the average price per sft for flats in Mohammadpur hadn’t changed much in the years 2020 and 2021.
Of all the neighborhoods, Babar Road, Bochila, Chandrima Model Town, Dhaka Uddan, Mohammadi Housing LTD., Mohammadia Housing Society, PC Culture Housing, and Shekhertek remained popular for flat purchase in 2020 and 2021.
Below is the price trends break down for Mohammadpur, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Average sft price | Average sft price | ||
| Ali And Nur Real Estate | 7,059 | 6,000 | -15% |
| Asad Avenue | 11,698 | 11,182 | -4% |
| aziz Moholla | 6,531 | 7,030 | 8% |
| Babar Road | 7,038 | 7,377 | 5% |
| Bash Bari Road | 6,149 | 7,867 | 28% |
| Block F | 7,850 | 7,439 | -5% |
| Bochila | 4,645 | 4,399 | -5% |
| Bosila | 5,508 | 3,148 | -43% |
| Chad Uddan Housing | 4,333 | 4,387 | 1% |
| Chandrima Model Town | 4,056 | 4,570 | 13% |
| Dhaka Uddan | 4,133 | 4,585 | 11% |
| Green City Housing | 3,786 | 13,929 | 268% |
| Humayun Road | 9,208 | 11,383 | 24% |
| Jahuri Moholla | 5,760 | 17,567 | 205% |
| Katashur | 6,288 | 6,256 | -1% |
| Khilji Road | 9,483 | 7,076 | -25% |
| Mohammadi Homes R/A | 5,546 | 6,276 | 13% |
| Mohammadi Housing LTD. | 5,541 | 5,975 | 8% |
| Mohammadia Housing Society | 6,781 | 7,575 | 12% |
| Nobodoy Housing Society | 5,282 | 5,533 | 5% |
| Nurjahan Road | 7,384 | 6,635 | -10% |
| PC Culture Housing | 5,421 | 6,365 | 17% |
| Rajia Sultana Road | 6,773 | 9,194 | 36% |
| Salimullah Road | 7,078 | 5,385 | -24% |
| Sat Masjid Housing | 5,986 | 5,214 | -13% |
| Shekhertek | 5,316 | 5,482 | 3% |
| Sher Shah Suri Road | 5,600 | 27,778 | 396% |
| Sir Sayed Road | 10,703 | 11,757 | 10% |
| Tajmahal Road | 8,645 | 8,527 | -1% |
| Tikka Para Road | 5,231 | 6,652 | 27% |
Uttara
Uttara continued to be one of the most prominent choices for new home buyers. Being a top-tier neighborhood, one might expect the prices of apartments in Uttara to usually be on the higher end of the budget scale, but that is not the case.
The average price per sft for flats in Uttara actually fell by 2% in 2021 from 2020. And every sector of Uttara remained the same on the popularity scale with regards to apartment purchases.
Below is the price trends break down for Uttara, showing a year-to-year flat price comparison in Dhaka.
| Neighborhood | 2020 | 2021 | Growth Rate |
| Average sft price | Average sft price | ||
| Sector 1 | 15,240 | 9,757 | -36% |
| Sector 10 | 6,775 | 6,218 | -8% |
| Sector 11 | 7,437 | 7,709 | 4% |
| Sector 12 | 6,530 | 7,270 | 11% |
| Sector 13 | 8,983 | 9,554 | 6% |
| Sector 14 | 7,880 | 8,727 | 11% |
| Sector 15 | 7,345 | 11,413 | 55% |
| Sector 16 | 11,203 | 15,270 | 36% |
| Sector 17 | 7,791 | 11,453 | 47% |
| Sector 18 | 5,364 | 5,246 | -2% |
| Sector 3 | 9,053 | 9,271 | 2% |
| Sector 4 | 10,289 | 9,622 | -6% |
| Sector 5 | 8,016 | 7,435 | -7% |
| Sector 6 | 9,934 | 13,069 | 32% |
| Sector 7 | 9,268 | 9,401 | 1% |
| Sector 9 | 12,241 | 8,688 | -29% |
Flat price comparison in Dhaka showed that across all the areas mentioned in this article, 3 bedroom apartments were the most sought-after; except Mirpur and Mohammadpur. In those areas, 2 bedroom apartments were equally as popular in the years 2020 and 2021. Although some areas gained more traction in 2021 than in 2020, the price differences were not as drastic.
A competitive market analysis is crucial before investing, selling, or buying a property. If you underestimate the value of the property, it can lead you to incur a huge loss. That is why always compare the price of the properties and be updated with the current market trends.
