The rent prices in real estate in Al Khan, in the Sharjah 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 Khan has risen during the last 6 months. In November, the average price per sq.feet was AED 19. In the following month the price per sq.feet rose considerably to AED 23.71. In the following two months the price per sq.feet has practically remained the same, going from AED 21.35 to AED 21.5 per sq.feet. The price per sq.feet has fallen 86 % 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 21.43 to AED 18.52 during March, and April.
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 November, is AED 26,310. During December the price went through a considerable rise reaching AED 30,759. During the following two months (January, February) the average price had a considerable rise of 116 % 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 166 % 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 51,097 they are 47 % more affordable than the average price for Al Khan . The properties with the highest average price have 4 bedrooms, Their price is 68 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 43,576.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of AED 17 / sq.feet, with an average AED 18.49 / sq.feet price in Al Khan. The properties with the most expensive average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 22 / 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 29,721, which is 42 % cheaper than the average price. "Apartment" has the most affordable price. This price is 42 % more affordable 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 23 / sq.feet. "Apartment" at an average price of AED 23 / sq.feet has the highest price and would be directed at more affluent cities.