The rent prices in real estate in Jumeirah Village Triangle, 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 Village Triangle has risen strongly during the last 6 months. In April, the average price per sq.feet was AED 28.76. In the following month the price per sq.feet fell to AED 26.23. The price for the following two months in (June, July) had a considerable rise of 184 %. The price per sq.feet has had a considerable rise of 137 % 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 38.98 to AED 53.28 during August, and September.
When referring to the price in Jumeirah Village Triangle (cities), this has risen considerably in the last 6 months. The average price for April is AED 56,586. During May the price had a considerable fall till AED 40,763. During the following two months (June, July) the average price had a considerable rise of 152 % 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 had a strong increase of 126 % 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 76,199 they are 33 % more affordable than the average price for Jumeirah Village Triangle . The properties with the highest average price have 4 bedrooms, Their price is 103 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 116,248.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of AED 57.61 / sq.feet, with an average AED 51.66 / sq.feet price in Jumeirah Village Triangle. The properties with the most expensive average prices have 1 bedroom. They are 196 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 97.96 / sq.feet.
The graph displaying the average rent prices displays the property type "Townhouse" as the most affordable one. At an cost of AED 76,199 it is 92 % more affordable than the average price in Jumeirah Village Triangle. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Land". At a price of AED 76,000 it is 103 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Townhouse" at an average price of AED 3.2 / sq.feet followed by "Commercial" priced at AED 17 / sq.feet. "Villa" is the most expensive type of property with a AED 382.65 / sq.feet value followed by "Flat" with an average price of AED 53.46 / sq.feet.