The rent prices in real estate in Al Khan, in the Sharjah region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Al Khan has risen strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet rose considerably to AED 30.05. The price for the following two months in (March, April) had a considerable rise of 195 %. The price per sq.feet has had a considerable rise of 132 % 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 22.15 to AED 29.27 during May, and June.
When referring to the price in Al Khan (cities), this has risen considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching AED 37,386. During the following two months (March, April) the average price had a considerable rise of 167 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 150 % 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 47,972 they are 47 % more affordable than the average price for Al Khan . The properties with the highest average price have 3 bedrooms, Their price is 80 % more expensive than the average. After that we have properties with 4 bedrooms priced at AED 86,493.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of AED 27 / sq.feet, with an average AED 30.2 / sq.feet price in Al Khan. The properties with the most expensive average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at AED 30.82 / sq.feet.
With regard to the average price based on the property in Al Khan we can see that the most affordable type of property is "Apartment" at AED 29,871, which is 38 % cheaper than the average price. "Apartment" has the most affordable price. This price is 38 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most affordable property type is "Apartment with an average cost of AED 28 / sq.feet. "Apartment" with an average price of AED 28 / sq.feet has the most affordable price and would be directed at less affluent cities.