The prices in real estate in Jumeirah Beach Residence, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Jumeirah Beach Residence has increased strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to AED 1,401. The price for the following two months in (March, April) had a considerable increment of 189 %. The price per sq.feet has had a considerable increase of 138 % 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 1,013.5 to AED 1,394.5 during May, and June.
Based upon to the price in Jumeirah Beach Residence (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching AED 2,309,779. During the following two months (March, April) the average price had a considerable increase of 204 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 148 % 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 2,702,578 they are 47 % more affordable than the average price for Jumeirah Beach Residence. The properties with the highest average price have 4 bedrooms, Their price is 109 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,685,922.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,177 / sq.feet, with an average AED 1,417 / sq.feet price in Jumeirah Beach Residence. The properties with the lowest average prices have 4 bedrooms. They are 2 % cheaper than the average followed by properties with 2 bedrooms with a price at AED 1,381 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 2,702,578 it is 65 % cheaper than the average price in Jumeirah Beach Residence. "Flat" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Commercial". At a price of AED 4,523,735 it is 338 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of AED 1,025 / sq.feet followed by "Flat" priced at AED 1,280 / sq.feet. "Penthouse" is the most costly type of property with a AED 2,018 / sq.feet cost followed by "Apartment" with an average price of AED 1,369 / sq.feet.