The prices in real estate in Jumeirah Beach Residence, in the Dubai region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Jumeirah Beach Residence has had a strong decrease during the last 6 months. In April, the average price per sq.feet was AED 1,785. In May this price pretty much remained the same at a value of AED 1,859 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,822 to AED 1,864 per sq.feet. The price per sq.feet has had a considerable deflation of 49 % 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 1,843 to AED 894 during August, and September.
Based upon to the price in Jumeirah Beach Residence (cities), this has fallen considerably in the last 6 months. The price in April is AED 3,074,243, rising in May till AED 3,252,767. During the following two months (June, July) the price has had an average incrementation from AED 3,163,505 to AED 3,389,107.5. During the last two months the average price has had a strong fall compared to the previous four going from AED 3,276,306.25 to AED 1,364,317, which means a 42 % fall.