The prices in real estate in Jumeirah Golf Estates, 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 Golf Estates has increased strongly during the last 6 months. In July, the average price per sq.feet was AED 972. In the following month the price per sq.feet increased to AED 1,047. In the following two months the price per sq.feet has increased 115 %, going from AED 1,009.5 to AED 1,159.5 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 1,084.5 to AED 1,131.5 during November y December
Based upon to the price in Jumeirah Golf Estates (cities), this has gone up considerably in the last 6 months. The price in July is AED 4,770,753, rising in August till AED 5,048,800. During the following two months (September, October) the average price had a considerable increase of 136 % with regard to the previous two months. 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 5,796,443 and AED 5,620,980 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 5,082,325 they are 83 % more affordable than the average price for Jumeirah Golf Estates. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 3,380,338.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 938 / sq.feet, with an average AED 1,113 / sq.feet price in Jumeirah Golf Estates. The properties with the highest average prices have 3 bedrooms. They are 10 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,086 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 5,082,325 it is 74 % cheaper than the average price in Jumeirah Golf Estates. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of AED 4,722,470 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 619 / sq.feet followed by "Apartment" priced at AED 932 / sq.feet. "Villa" is the cheapest type of property with a AED 1,057 / sq.feet value followed by "Townhouse" with an average price of AED 1,042 / sq.feet.