Apartment Cost Per Square Foot in Dhaka
With gleaming high-rises penetrating the skyline and construction cranes signaling limitless possibilities, Dhaka is the fastest-growing city in South Asia. The vibrant capital of Bangladesh attracts families, entrepreneurs, and professionals who want to own a piece of this vibrant urban environment.
However, figuring out apartment cost per square foot offers potential buyers both fascinating possibilities and difficult challenges.
Dhaka’s real estate market presents a captivating story of contrasts. Mirpur, Mohammadpur, and Uttara provide more affordable options without compromising high living standards.
But neighborhoods like Gulshan and Banani offer luxury apartments at prices that rival those of properties in international cities. When you’re ready to invest in your future home, it becomes important that you fully understand these differences.
At GLG Asset Limited, we feel that every family deserves open and honest guidance during this process. Our expertise in Dhaka’s real estate market enables buyers to find homes that precisely suit their budgets and desired lifestyles. For professional guidance, you may contact us.
Are you ready to consider your options? Let’s examine the factors that affect apartment costs in the various neighborhoods of Dhaka and learn how to locate the house of your dreams in this vibrant city.
Contents
Overview of Dhaka’s Real Estate Market
Over the past ten years, Dhaka’s real estate market has seen a significant transformation due to the city’s fast urbanization and growing middle class. The real estate market in Bangladesh is expected to reach a market value of US$3.07 trillion by 2029. This landscape is dominated by the housing market.
In 2025, the metropolitan population of Dhaka grew by 3% annually to reach 24.65 million. As thousands of families move to Dhaka in search of better job opportunities and higher living standards, this demographic boom directly affects the demand for housing.
The government initiatives are also very important. The Dhaka Structure Plan (2016–2035) and the National Housing Policy are intended to reduce unplanned urbanization and encourage sustainable housing development. Real estate values in nearby areas of connected zones have increased significantly as a result of the Dhaka Metro Rail, elevated expressways, and Bus Rapid Transit (BRT).
The real estate market has expanded as more people look for modern and connected homes; it now offers everything from luxury penthouses in Baridhara to small apartments in Badda.
Average Price per Square Foot in Key Dhaka Locations
These numbers demonstrate how drastically apartment costs in Dhaka vary based on location and amenities. Before making a choice, you should always compare the cost per square foot against the infrastructure and possibilities for future growth in the area.
|
Location |
Costs/Square foot | Location |
Cost/Square foot |
| Gulsan | 15,000-30,000 | Aftabnagar | 5,000-12,000 |
| Banani | 15,000-30,000 | Banasree | 5,000-9,000 |
| Baridhara | 15,000-30,000 | Diabari | 5,000-9,500 |
| Dhanmondi | 14,000-30,000 | Rampura | 6,000-9,000 |
| Uttara | 7,000-15,000 | Badda | 5,000-8,000 |
| Bashundhara | 8,000-12,000 | Dakshinkhan | 7,000-11,000 |
| Mirpur | 5,000-10,000 | Tejgaon | 5,000-12,000 |
| Mohammadpur | 5,000-10,000 |
Key Factors that Influence Apartment Prices
You can make wise decisions if you know what influences apartment prices in Dhaka. Whether an apartment is a premium option or offers exceptional value depends on several interrelated factors. We will now discuss these important factors:
- Location and Surroundings: Price is significantly influenced by proximity to green areas, water bodies, and essential facilities. Because of their prestige and security status, properties in diplomatic zones, such as Gulshan, sell for the highest prices.
- Available Amenities: High-quality facilities are expected by modern buyers. In comparison to buildings with few amenities, apartments in Dhaka will cost more per square foot for projects with dedicated parking, 24/7 security, emergency generators, high-speed lifts, rooftop gardens, or a community hall.
- Level of Infrastructure Development: Places with well-planned, sophisticated infrastructure, like the older parts of Uttara or the Bashundhara Residential Area, sell for higher prices. These areas have wide roads, effective drainage, and utilities. New infrastructure initiatives, such as the Metro Rail, rapidly increase the value of nearby properties.
- Market Demand & Supply: Prices increase when demand exceeds supply, particularly for apartments in the mid-range (900–1400 sq. ft.) segment. In high-scarcity areas like Dhanmondi, developers respond by raising prices to control demand.
- Developer’s Reputation and Performance History: A developer with a solid reputation, such as GLG Asset Limited, has a competitive advantage. In order to ensure timely delivery, excellent construction quality, clear documentation, and excellent after-sales support, buyers are willing to pay more, which ultimately makes the investment safer and more valuable.
- Quality of Construction: A major factor that directly influences the final cost is the use of premium and long-lasting building materials, compliance with current earthquake safety regulations, and fine finishing (paint, tiles, and fixtures). Durability and increased resale value are assured by quality.
- Proximity to Schools, Hospitals, and Shopping Centers: Family convenience is a top priority when it comes to schools, hospitals, and shopping centers. Major shopping centers, specialized hospitals, and prestigious educational institutions (like Dhanmondi) are found in areas that continuously have high property values and high rents.
- Access to Major Roads and Transportation: In Dhaka, a city with heavy traffic, seamless connectivity is very important. The value of an apartment is significantly increased by convenient access to major highways, expressways, and Metro Rail stations.
- Existence of Business/Commercial Hubs: Living close to business hubs, like Tejgaon or the corporate headquarters in Gulshan, leads to costs, particularly for professionals looking for a faster commute.
- Security and Safety of the Area: Exclusive areas or neighborhoods with a high level of security and a reported low crime rate, such as Bashundhara R/A and Baridhara Diplomatic Zone, command a high price.
- Current Market Trends and Outlook: Pricing is influenced by investor sentiment and predicted appreciation. Purbachal and other areas designated for future development may have lower apartment prices per square foot in Dhaka now, but they have enormous potential for capital gains in the future.
Conclusion
The real estate market in Dhaka is a multi-layered and intricate tapestry that offers a range of opportunities in each of its zones. A clear knowledge of the factors influencing Dhaka apartment prices per square foot is necessary for successful market navigation.
You now understand that this price is not set in concrete, rather it is a combination of excellent facilities, a strong infrastructure, a prime location, and above all the credibility of the developer you have selected.
You can guarantee a high-quality home that is also a wise financial investment by putting accessibility first, considering the long-term effects of new infrastructure, and working with a transparent developer. The market offers great choices in both new and well-known luxury areas.
FAQs
1. Which neighborhoods in Dhaka are the most affordable?
The most affordable apartments are available in Mirpur, Badda, Banasree, and Jatrabari with a price range of 5,000-10,000 BDT per square foot.
2. Why do Gulshan and Banani have the highest rates?
Gulshan and Banani have the highest apartment cost per square foot in Dhaka because they serve as the main commercial and diplomatic areas of Dhaka. This designation promises high-level security, excellent amenities, and premium living spaces.
3. What role does infrastructure play in property costs?
Infrastructure has a direct effect on prices. Proper drainage, well-maintained roads, metro connectivity, and efficient utilities all improve living standards and pull in buyers, which leads to higher prices.
4. How can government policies shift apartment prices?
Through tax laws, registration costs, development restrictions, and infrastructure costs, government policies have an impact on prices. Acquisition costs have increased as a result of recent policy changes.
5. How do I confirm the legality of an apartment purchase?
To confirm the legality, verify the project’s RAJUK approval, obtain an encumbrance certificate to look for liens or disputes, and confirm land ownership at the Sub-Registry Office by verifying the deed. You may also consult a lawyer for betterment.