The rent prices in real estate in Deira, 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 Deira has barely changed in the last 6 months. In November, the average price per sq.feet was AED 91.92. In the following month the price per sq.feet rose considerably to AED 108.99. The price for the following two months in (January, February) fell 87 % with regard to the previous two months. 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 93.96 to AED 93.6 during March y April
When referring to the price in Deira (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is AED 72,432. During December the price went through a considerable rise reaching AED 87,039. During the following two months (January, February) the price has had an average rise from AED 79,735.5 to AED 84,988. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of AED 109,672 they are 65 % more affordable than the average price for Deira . The properties with the lowest average price have 3 bedrooms, Their price is 16 % more affordable than the average. After that we have properties with 2 bedrooms priced at AED 77,358.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 28.47 / sq.feet, with an average AED 105.93 / sq.feet price in Deira. The properties with the most expensive average prices have 4 bedrooms. They are 66 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 53.44 / sq.feet.
The graph displaying the average rent prices displays the property type "Building" as the most affordable one. At an cost of AED 109,672 it is 81 % more affordable than the average price in Deira. "Office" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Commercial". At a price of AED 129,638 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Villa" at an average price of AED 34.87 / sq.feet followed by "Apartment" priced at AED 42.14 / sq.feet. "Commercial" is the most expensive type of property with a AED 150.03 / sq.feet value followed by "Building" with an average price of AED 125 / sq.feet.