The rent prices in real estate in Deira, in the Dubai 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 Deira has risen during the last 6 months. In March, the average price per sq.feet was AED 97.62. In the following month the price per sq.feet rose considerably to AED 118.58. In the following two months the price per sq.feet has practically remained the same, going from AED 108.1 to AED 112.27 per sq.feet. The price per sq.feet has fallen 88 % 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 110.18 to AED 97.42 during July, and August.
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 March, is AED 89,727. During April the price went through a considerable rise reaching AED 107,443. During the following two months (May, June) the price has had an average rise from AED 98,585 to AED 106,320. 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 102,452.5 and AED 98,971.5 between July and August.
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 101,138 they are 51 % more affordable than the average price for Deira . The properties with the highest average price have 4 bedrooms, Their price is 7 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 91,724.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most expensive ones at a cost of AED 343.3 / sq.feet, with an average AED 93.24 / sq.feet price in Deira. The properties with the most expensive average prices have 3 bedrooms. They are 374 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 411 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 101,138 it is 51 % more affordable than the average price in Deira. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Building" followed by "Villa". At a price of AED 181,707 it is 135 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Flat" at an average price of AED 68 / sq.feet followed by "Office" priced at AED 73 / sq.feet. "Building" is the most expensive type of property with a AED 481 / sq.feet value followed by "Apartment" with an average price of AED 390 / sq.feet.