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The average rental value of Old Town apartments on Bayut is AED 164,157 per annum. Rental prices can vary depending on the size, type, features and location of the apartment.
According to Bayut's listings from the past 6 months, the average rental prices for flats listed in Old Town, segmented by size, are outlined below:
The total count of Old Town apartments currently listed on Bayut is 213.
Listings on Bayut reflect a change of -6% over the last 6 months in the prices of flats for rent in Old Town. The change in prices can be due to the prevailing market conditions and new developments.
In the last 12 months, 399 new rental contracts for apartments were registered in Old Town.
The average price for flats rented in Old Town is AED 144,409. Moreover, the rent of some apartments can go lower or higher than average based on the apartment’s size, type, conditions and location.
The average rental prices for apartments in Old Town based on bedroom categories are highlighted below:
The rental costs of flats have seen a shift of -9% according to the transactional data recorded by DLD over the last 12 months. Changes in prices can be a result of the changing market dynamics.