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 December, the average price per sq.feet was AED 71.16. In January this price barely changed remaining at AED 72.23 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 71.69 to AED 68.67 per sq.feet. The price per sq.feet has had a considerable fall of 44 % 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 70.18 to AED 30.81 during April, and May.
When referring to the price in World Trade Center (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is AED 166,900. In January This price remains at AED 167,636. During the following two months (February, March) the average price had a considerable fall of 68 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from AED 140,367.25 to AED 71,435, which means a 51 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most expensive ones. At a price of AED 73,981 they are 34 % more expensive than the average price for World Trade Center. Following this ranking we find those properties with 2 at an average price of AED 138,284. The properties with the highest average price have 4 bedrooms, Their price is 258 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 228,299.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most expensive ones at a cost of AED 62 / sq.feet, with an average AED 31.84 / sq.feet price in World Trade Center. The properties with the most expensive average prices have 1 bedroom. They are 230 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 75 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of AED 73,981 it is 153 % more expensive than the average price in World Trade Center. "Flat" is seen as the second most expensive property type. The most expensive property type is "Duplex" followed by "Flat". At a price of AED 189,882 it is 172 % more expensive than the average price.
According to the average cost per sq.feet, the least affordable property would be "Flat" at an average price of AED 64 / sq.feet followed by "Apartment" priced at AED 75 / sq.feet. "Duplex" is the most expensive type of property with a AED 374 / sq.feet value followed by "Apartment" with an average price of AED 75 / sq.feet.