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 March, the average price per sq.feet was AED 2,224. In the following month the price per sq.feet increased considerably to AED 2,665. The price for the following two months in (May, June) had a considerable increment of 132 %. The price per sq.feet has increased 111 % 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 2,840.5 to AED 3,144.5 during July, and August.
Based upon to the price in Jumeirah Beach Residence (cities), this has gone up considerably in the last 6 months. The price in March is AED 3,531,556, rising in April till AED 4,002,087. During the following two months (May, June) the average price had a considerable increase of 140 % 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 gone up 113 % 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 5,525,208 they are 46 % more affordable than the average price for Jumeirah Beach Residence. The properties with the highest average price have 4 bedrooms, Their price is 112 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 7,556,250.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 3,108 / sq.feet, with an average AED 3,109 / sq.feet price in Jumeirah Beach Residence. The properties with the highest average prices have 3 bedrooms. They are 16 % more expensive than the average followed by properties with 1 bedroom with a price at AED 3,298 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 5,525,208 it is 42 % cheaper than the average price in Jumeirah Beach Residence. "Duplex" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Penthouse". At a price of AED 19,166,956 it is 351 % 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 1,762 / sq.feet followed by "Duplex" priced at AED 1,932 / sq.feet. "Studio" is the most costly type of property with a AED 4,882 / sq.feet cost followed by "Penthouse" with an average price of AED 3,556 / sq.feet.