The prices in real estate in Jumeirah Golf Estates, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Jumeirah Golf Estates has increased during the last 6 months. In February, the average price per sq.feet was AED 1,164. In March this price pretty much remained the same at a value of AED 1,183 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from AED 1,173.5 to AED 1,276 per sq.feet. The price per sq.feet has increased 110 % 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 1,224.75 to AED 1,344.5 during June, and July.
Based upon to the price in Jumeirah Golf Estates (cities), this has gone up considerably in the last 6 months. The price in February is AED 5,925,516, rising in March till AED 6,294,747. During the following two months (April, May) the average price had a considerable increase of 119 % 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 129 % 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 8,680,750 they are 91 % more affordable than the average price for Jumeirah Golf Estates. The properties with the lowest average price have 4 bedrooms, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 5,305,276.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 885 / sq.feet, with an average AED 1,354 / sq.feet price in Jumeirah Golf Estates. The properties with the highest average prices have 4 bedrooms. They are 111 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,531 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 8,680,750 it is 88 % cheaper than the average price in Jumeirah Golf Estates. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Land". At a price of AED 4,689,508 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 612 / sq.feet followed by "Flat" priced at AED 883 / sq.feet. "Villa" is the most costly type of property with a AED 6,094 / sq.feet cost followed by "Townhouse" with an average price of AED 5,316 / sq.feet.