The rent prices in real estate in Jumeirah Lake Towers, 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 Jumeirah Lake Towers has risen during the last 6 months. In March, the average price per sq.feet was AED 63.25. In April this price barely changed remaining at AED 65.01 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 64.13 to AED 64.99 per sq.feet. The price per sq.feet has had a considerable rise of 116 % 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 64.56 to AED 74.75 during July, and August.
When referring to the price in Jumeirah Lake Towers (cities), this has risen in the last 6 months. The rent price in March is AED 84,273, rising in April till AED 95,561. In the following two months the average price has hardly changed with regard to the previous two months from AED 89,917 to AED 90,795.5. 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 90,356.25 and AED 94,202.5 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 100,767 they are 32 % more affordable than the average price for Jumeirah Lake Towers . The properties with the highest average price have 4 bedrooms, Their price is 75 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 128,950.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 62.64 / sq.feet, with an average AED 79.27 / sq.feet price in Jumeirah Lake Towers. The properties with the most expensive average prices have 4 bedrooms. They are 426 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 144.33 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 100,767 it is 36 % more affordable than the average price in Jumeirah Lake Towers. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Duplex". At a price of AED 101,867 it is 28 % 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 61.43 / sq.feet followed by "Office" priced at AED 63.47 / sq.feet. "Duplex" is the most expensive type of property with a AED 577.45 / sq.feet value followed by "Penthouse" with an average price of AED 297.26 / sq.feet.