The prices in real estate in Jumeirah Beach Residence, 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 Beach Residence has remained the same in the last 6 months. In March, the average price per sq.feet was AED 1,310. In April this price pretty much remained the same at a value of AED 1,343 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from AED 1,326.5 to AED 1,394.5 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 1,360.5 to AED 1,350 during July y August
Based upon to the price in Jumeirah Beach Residence (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is AED 2,355,635. In April This price remains at AED 2,348,988. During the following two months (May, June) the price has had an average incrementation from AED 2,352,311.5 to AED 2,588,817. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 2,470,564.25 and AED 2,441,582.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,267,558 they are 36 % more affordable than the average price for Jumeirah Beach Residence. The properties with the highest average price have 4 bedrooms, Their price is 164 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,698,622.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,245 / sq.feet, with an average AED 1,307 / sq.feet price in Jumeirah Beach Residence. The properties with the highest average prices have 4 bedrooms. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,294 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 2,267,558 it is 60 % 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 430 % 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 1,211 / sq.feet. "Penthouse" is the most costly type of property with a AED 1,991 / sq.feet cost followed by "Duplex" with an average price of AED 1,605 / sq.feet.