Property prices for rent in World Trade Center (Dubai)
The rent prices in real estate in World Trade Center, in the Dubai region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in World Trade Center has had a strong fall during the last 6 months. In September, the average price per sq.feet was AED 545.84. In the following month the price per sq.feet fell to AED 509.29. In the following two months the price per sq.feet has practically remained the same, going from AED 527.57 to AED 501.64 per sq.feet. The price per sq.feet has had a considerable fall of 69 % 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 514.6 to AED 355.48 during January, and February.
When referring to the price in World Trade Center (cities), this has risen in the last 6 months. In our first sample month during September, the average price is AED 155,396. In October This price remains at AED 157,230. In the following two months the average price has hardly changed with regard to the previous two months from AED 156,313 to AED 161,306.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 118 % 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 187,269 they are 65 % more affordable than the average price for World Trade Center . The properties with the highest average price have 4 bedrooms, Their price is 31 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 206,938.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of AED 186.57 / sq.feet, with an average AED 261.86 / sq.feet price in World Trade Center. The properties with the most expensive average prices have 3 bedrooms. They are 47 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 225.59 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of AED 187,269 it is 56 % more affordable than the average price in World Trade Center. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "Duplex". At a price of AED 198,978 it is 9 % 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 69.96 / sq.feet followed by "Office" priced at AED 165.08 / sq.feet. "Duplex" is the most expensive type of property with a AED 880.3 / sq.feet value followed by "Apartment" with an average price of AED 380.53 / sq.feet.
