The prices in real estate in Jumeirah Lake Towers, 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 Lake Towers has remained the same in the last 6 months. In December, the average price per sq.feet was AED 911. In January this price pretty much remained the same at a value of AED 873 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from AED 892 to AED 1,012.5 per sq.feet. The price per sq.feet has decreased 93 % 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 952.25 to AED 884 during April, and May.
Based upon to the price in Jumeirah Lake Towers (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is AED 1,370,146. In January This price remains at AED 1,422,187. During the following two months (February, March) the average price fell 90 % 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 1,328,661.75 and AED 1,278,758 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,238,875 they are 9 % more affordable than the average price for Jumeirah Lake Towers. The properties with the highest average price have 4 bedrooms, Their price is 173 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,739,299.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 854 / sq.feet, with an average AED 922 / sq.feet price in Jumeirah Lake Towers. The properties with the highest average prices have 4 bedrooms. They are 797 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,224 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 1,238,875 it is 13 % cheaper than the average price in Jumeirah Lake Towers. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Penthouse". At a price of AED 3,727,786 it is 2315 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 807 / sq.feet followed by "Commercial" priced at AED 925 / sq.feet. "Penthouse" is the most costly type of property with a AED 16,201 / sq.feet cost followed by "Villa" with an average price of AED 1,816 / sq.feet.