The rent prices in real estate in Jumeirah Beach Residence, 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 Jumeirah Beach Residence has fallen during the last 6 months. In June, the average price per sq.feet was AED 99.13. In July this price barely changed remaining at AED 97.05 per sq.feet. The price for the following two months in (August, September) fell 94 % 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 95.27 to AED 93.73 during October y November
When referring to the price in Jumeirah Beach Residence (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is AED 170,222. In July This price remains at AED 177,963. In the following two months the average price has hardly changed with regard to the previous two months from AED 174,092.5 to AED 165,779.5. Based on an analysis of the first four prices and the last two months the average price has increased 109 % 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 184,558 they are 37 % more affordable than the average price for Jumeirah Beach Residence . The properties with the highest average price have 4 bedrooms, Their price is 45 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 192,278.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of AED 71.48 / sq.feet, with an average AED 96.96 / sq.feet price in Jumeirah Beach Residence. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 108.75 / sq.feet.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of AED 184,558 it is 41 % more affordable than the average price in Jumeirah Beach Residence. "Duplex" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Flat". At a price of AED 281,087 it is 60 % 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 65.99 / sq.feet followed by "Commercial" priced at AED 72.03 / sq.feet. "Duplex" is the most expensive type of property with a AED 1,186 / sq.feet value followed by "Land" with an average price of AED 240.76 / sq.feet.