The rent prices in real estate in Dubai Marina, in the Dubai 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 Dubai Marina has fallen during the last 6 months. In December, the average price per sq.feet was AED 68.3. In January this price barely changed remaining at AED 70.1 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 69.2 to AED 66.15 per sq.feet. The price per sq.feet has fallen 90 % 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 67.68 to AED 60.97 during April, and May.
When referring to the price in Dubai Marina (cities), this has fallen in the last 6 months. The average price for December is AED 96,176. During January the price had a slight fall till AED 84,508. In the following two months the average price has hardly changed with regard to the previous two months from AED 90,342 to AED 88,656. 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 89,499 and AED 88,407.5 between April and May.
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 98,015 they are 35 % more affordable than the average price for Dubai Marina . The properties with the highest average price have 4 bedrooms, Their price is 81 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 134,403.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of AED 46.76 / sq.feet, with an average AED 69.81 / sq.feet price in Dubai Marina. The properties with the most expensive average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 60.73 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 98,015 it is 4 % more affordable than the average price in Dubai Marina. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Penthouse" followed by "Office". At a price of AED 366,151 it is 294 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of AED 27.14 / sq.feet followed by "Apartment" priced at AED 64.94 / sq.feet. "Penthouse" is the most expensive type of property with a AED 127.78 / sq.feet value followed by "Office" with an average price of AED 119 / sq.feet.