The rent prices in real estate in Business Bay, in the Dubai region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Business Bay has barely changed in the last 6 months. In October, the average price per sq.feet was AED 77.01. In November this price barely changed remaining at AED 76.9 per sq.feet. In the following two months the price per sq.feet has risen 107 %, going from AED 76.96 to AED 82.27 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of AED 79.61 to AED 79.06 during February y March
When referring to the price in Business Bay (cities), this has risen in the last 6 months. In our first sample month during October, the average price is AED 89,662. In November This price remains at AED 91,941. During the following two months (December, January) the price has had an average rise from AED 90,801.5 to AED 101,685.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of AED 96,243.5 and AED 92,229.5 between February and March.
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 96,982 they are 36 % more affordable than the average price for Business Bay . The properties with the highest average price have 4 bedrooms, Their price is 142 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 139,501.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of AED 67.75 / sq.feet, with an average AED 82.52 / sq.feet price in Business Bay. The properties with the most expensive average prices have 4 bedrooms. They are 125 % more expensive than the average followed by properties with 1 bedroom with a price at AED 84.63 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of AED 96,982 it is 35 % more affordable than the average price in Business Bay. "Flat" is seen as the second most affordable property type. The most expensive property type is "Duplex" followed by "Penthouse". At a price of AED 253,750 it is 535 % 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 70.65 / sq.feet followed by "Flat" priced at AED 73.15 / sq.feet. "Penthouse" is the most expensive type of property with a AED 127.9 / sq.feet value followed by "Duplex" with an average price of AED 98.26 / sq.feet.