The rent prices in real estate in Palm Jumeirah, in the Dubai region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Palm Jumeirah has barely changed in the last 6 months. In July, the average price per sq.feet was AED 89.41. In August this price barely changed remaining at AED 90.57 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 89.99 to AED 89.2 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 89.6 to AED 88.99 during November y December
When referring to the price in Palm Jumeirah (cities), this has fallen in the last 6 months. In our first sample month during July, the average price is AED 204,325. In August This price remains at AED 197,063. During the following two months (September, October) the average price had a considerable fall of 84 % with regard to the previous two months. 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 184,254.75 and AED 183,593 between November and December.
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 187,486 they are 33 % more affordable than the average price for Palm Jumeirah . The properties with the highest average price have 4 bedrooms, Their price is 129 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 217,313.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of AED 88 / sq.feet, with an average AED 89.6 / sq.feet price in Palm Jumeirah. The properties with the most expensive average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 89.37 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 187,486 it is 32 % more affordable than the average price in Palm Jumeirah. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Penthouse". At a price of AED 315,416 it is 169 % 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 82.48 / sq.feet followed by "Apartment" priced at AED 93.98 / sq.feet. "Townhouse" is the most expensive type of property with a AED 522.58 / sq.feet value followed by "Penthouse" with an average price of AED 505.27 / sq.feet.