The average rent price in the Dubai region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.feet in Dubai has risen in the last 6 months. During March, the average price per sq.feet was AED 63.13. The following month (April) the price rose to AED 67.9 per sq.feet. The following two months (May, June) went through a rise of 105 % in the rent price per sq.feet rising from AED 65.51 to AED 68.93 per sq.feet. In the last two months, the price per sq.feet has risen 108 %. This has been obtained by comparing the price AED 67.22 for the first four months of the sample with regard to the previous 4 months and the price AED 72.75 per sq.feet for the last two months (July, August).
When referring to the price in Dubai(region), there have hardly been any changes in the last 6 months. March has an average price of AED 102,104. During Aprilthe price had a slight fall till AED 94,031. In the following two months the average price practically remained the same compared to the previous two going from AED 98,067.5 to AED 100,815. During the last two months the average price has not gone through any changes and has gone from AED 99,441.25 to AED 102,745.5 during July and August.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 35 % cheaper than the average price in Dubai followed by those with 2 with an average price of AED 81,050. The most expensive properties have 4 bedrooms. They are 48 % more expensive than the average followed by those properties with 3 bedrooms priced at AED 90,854.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of AED 55.3 / sq.feet being AED 73.52 / sq.feet the average for Dubai. The properties with the highest average price are those with 2 bedrooms. These are 1 % more expensive than the average followed by those with 1 bedroom with a price of AED 73.75 / sq.feet.
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of AED 97,018 it is 54 % cheaper than the average in Dubai. This is followed by "Apartment" with a cost of AED 71,761. The most expensive property type is "Villa" and is 153 % more costly than the average, followed by "Townhouse" with a cost of AED 128,062.
Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of AED 42.15 / sq.feet, followed by "Villa" with a price of AED 57.86 / sq.feet. "Commercial" with an average price of AED 86.74 / sq.feet is the most expensive type of property followed by "Apartment" at a price of AED 74 / sq.feet.