The rent prices in real estate in Jumeirah Lake Towers, in the Dubai region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Jumeirah Lake Towers has risen strongly during the last 6 months. In August, the average price per sq.feet was AED 47.24. In the following month the price per sq.feet rose considerably to AED 62.24. In the following two months the price per sq.feet has risen 106 %, going from AED 54.74 to AED 58.1 per sq.feet. The price per sq.feet has risen 105 % 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 56.42 to AED 59.31 during December, and January.
When referring to the price in Jumeirah Lake Towers (cities), this has risen considerably in the last 6 months. The average price during our first sample month during August, is AED 59,017. During September the price went through a considerable rise reaching AED 79,796. During the following two months (October, November) the average price had a considerable rise of 115 % with regard to the previous two months. 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 79,413 they are 15 % more affordable than the average price for Jumeirah Lake Towers . The properties with the highest average price have 4 bedrooms, Their price is 144 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 141,046.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 52.24 / sq.feet, with an average AED 55.98 / sq.feet price in Jumeirah Lake Towers. The properties with the most expensive average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 53.09 / sq.feet.
The graph displaying the average rent prices displays the property type "Penthouse" as the most affordable one. At an cost of AED 79,413 it is 43 % 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 "Office" followed by "Commercial". At a price of AED 86,453 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of AED 53.86 / sq.feet followed by "Commercial" priced at AED 54.73 / sq.feet. "Penthouse" is the most expensive type of property with a AED 96 / sq.feet value followed by "Office" with an average price of AED 73.46 / sq.feet.