The rent prices in real estate in Jumeirah Lake Towers, 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 Lake Towers has fallen during the last 6 months. In June, the average price per sq.feet was AED 85.64. In the following month the price per sq.feet fell to AED 74.88. In the following two months the price per sq.feet has practically remained the same, going from AED 80.26 to AED 80.42 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 80.34 to AED 77.62 during October y November
When referring to the price in Jumeirah Lake Towers (cities), there have hardly been any changes in the last 6 months. The average price for June is AED 108,828. During July the price had a slight fall till AED 96,933. During the following two months (August, September) the price has had an average rise from AED 102,880.5 to AED 113,414. 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 108,147.25 and AED 105,502 between October and November.
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 105,527 they are 22 % more affordable than the average price for Jumeirah Lake Towers . The properties with the highest average price have 3 bedrooms, Their price is 62 % more expensive than the average. After that we have properties with 2 bedrooms priced at AED 128,412.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 57.95 / sq.feet, with an average AED 77.46 / sq.feet price in Jumeirah Lake Towers. The properties with the most expensive average prices have 4 bedrooms. They are 221 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 86.09 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 105,527 it is 27 % more affordable than the average price in Jumeirah Lake Towers. "Office" is seen as the second most affordable property type. The most expensive property type is "Penthouse" followed by "Duplex". At a price of AED 226,902 it is 152 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Penthouse" at an average price of AED 51 / sq.feet followed by "Flat" priced at AED 66 / sq.feet. "Duplex" is the most expensive type of property with a AED 304 / sq.feet value followed by "Commercial" with an average price of AED 85 / sq.feet.