The rent prices in real estate in Al Barsha, in the Dubai region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Al Barsha has risen during the last 6 months. In July, the average price per sq.feet was AED 46.45. In August this price barely changed remaining at AED 48.45 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 47.45 to AED 48.99 per sq.feet. The price per sq.feet has risen 113 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 48.22 to AED 54.26 during November, and December.
When referring to the price in Al Barsha (cities), there have hardly been any changes in the last 6 months. The average price for July is AED 178,704. During August the price had a considerable fall till AED 141,122. During the following two months (September, October) the price has had an average rise from AED 159,913 to AED 181,539. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 116 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of AED 192,022 they are 69 % more affordable than the average price for Al Barsha . The properties with the highest average price have 4 bedrooms, Their price is 4 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 137,582.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of AED 196.87 / sq.feet, with an average AED 54.66 / sq.feet price in Al Barsha. The properties with the most expensive average prices have 2 bedrooms. They are 629 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 308.81 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of AED 192,022 it is 67 % more affordable than the average price in Al Barsha. "Villa" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Flat". At a price of AED 195,526 it is 51 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of AED 43.49 / sq.feet followed by "Villa" priced at AED 44.21 / sq.feet. "Commercial" is the most expensive type of property with a AED 88.77 / sq.feet value followed by "Flat" with an average price of AED 87.64 / sq.feet.