The prices in real estate in Jumeirah Area, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Jumeirah Area has remained the same in the last 6 months. In June, the average price per sq.feet was AED 1,784. In the following month the price per sq.feet decreased to AED 1,643. In the following two months the price per sq.feet has barely changed, going from AED 1,713.5 to AED 1,714.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 1,714 to AED 1,741 during October y November
Based upon to the price in Jumeirah Area (cities), this has gone up considerably in the last 6 months. In our first sample month during June, the average price is AED 3,891,300. In July This price remains at AED 3,983,624. During the following two months (August, September) the price has had an average incrementation from AED 3,937,462 to AED 4,418,305.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 5,022,328 they are 57 % more affordable than the average price for Jumeirah Area. The properties with the highest average price have 4 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 5,289,349.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,619 / sq.feet, with an average AED 1,763 / sq.feet price in Jumeirah Area. The properties with the highest average prices have 2 bedrooms. They are 30 % more expensive than the average followed by properties with 1 bedroom with a price at AED 1,727 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 5,022,328 it is 37 % cheaper than the average price in Jumeirah Area. "Apartment" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Land". At a price of AED 12,063,386 it is 552 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 807 / sq.feet followed by "Townhouse" priced at AED 1,201 / sq.feet. "Penthouse" is the most costly type of property with a AED 3,794 / sq.feet cost followed by "Flat" with an average price of AED 2,138 / sq.feet.