The rent prices in real estate in Al Khan, in the Sharjah region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Al Khan has fallen during the last 6 months. In March, the average price per sq.feet was AED 29.96. In April this price barely changed remaining at AED 28.58 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 29.27 to AED 29.27 per sq.feet. The price per sq.feet has had a considerable fall of 73 % 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 29.27 to AED 21.38 during July, and August.
When referring to the price in Al Khan (cities), there have hardly been any changes in the last 6 months. The average price for March is AED 32,324. During April the price had a slight fall till AED 30,137. During the following two months (May, June) the average price had a considerable rise of 120 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from AED 34,308.25 to AED 27,377, which means a 80 % fall.
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 28,901 they are 4 % more affordable than the average price for Al Khan . The properties with the highest average price have 4 bedrooms, Their price is 261 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 39,857.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of AED 16.34 / sq.feet, with an average AED 23.3 / sq.feet price in Al Khan. The properties with the most expensive average prices have 1 bedroom. They are 37 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 26 / sq.feet.
With regard to the average price based on the property in Al Khan we can see that the least affordable type of property is "Apartment" at AED 36,838, which is 27 % more expensive than the average price. "Apartment" has the most expensive price. This price is 27 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most expensive property type is "Apartment with an average cost of AED 29 / sq.feet. "Apartment" at an average price of AED 29 / sq.feet has the highest price and would be directed at more affluent cities.