The prices in real estate in Jumeirah Lake Towers, 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 Lake Towers has increased during the last 6 months. In November, the average price per sq.feet was AED 885. In the following month the price per sq.feet increased considerably to AED 1,023. In the following two months the price per sq.feet has barely changed, going from AED 954 to AED 913 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 933.5 to AED 917.5 during March y April
Based upon to the price in Jumeirah Lake Towers (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is AED 1,371,611. In December This price remains at AED 1,349,544. In the following two months the average price has remained the same with regard to the previous two months from AED 1,360,577.5 to AED 1,344,029.5. 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 1,352,303.5 and AED 1,320,017.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,407,307 they are 26 % more affordable than the average price for Jumeirah Lake Towers. The properties with the highest average price have 4 bedrooms, Their price is 214 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,577,000.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 889 / sq.feet, with an average AED 992 / sq.feet price in Jumeirah Lake Towers. The properties with the highest average prices have 3 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,029 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of AED 1,407,307 it is 63 % cheaper than the average price in Jumeirah Lake Towers. "Flat" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Commercial". At a price of AED 1,484,651 it is 216 % 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 724 / sq.feet followed by "Penthouse" priced at AED 807 / sq.feet. "Villa" is the most costly type of property with a AED 1,162 / sq.feet cost followed by "Apartment" with an average price of AED 1,004 / sq.feet.