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 May, the average price per sq.feet was AED 857. In the following month the price per sq.feet decreased to AED 809. In the following two months the price per sq.feet has increased 109 %, going from AED 833 to AED 905.5 per sq.feet. The price per sq.feet has increased 113 % 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 869.25 to AED 984 during September, and October.
Based upon to the price in Jumeirah Lake Towers (cities), this has gone up in the last 6 months. In our first sample month during May, the average price is AED 1,118,734. In June This price remains at AED 1,139,407. In the following two months the average price has remained the same with regard to the previous two months from AED 1,129,070.5 to AED 1,120,329. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 1,432,562 they are 28 % more affordable than the average price for Jumeirah Lake Towers. The properties with the highest average price have 4 bedrooms, Their price is 127 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,486,949.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 862 / sq.feet, with an average AED 977 / sq.feet price in Jumeirah Lake Towers. The properties with the highest average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,074 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of AED 1,432,562 it is 64 % 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 2,001,384 it is 212 % 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 "Penthouse" priced at AED 813 / sq.feet. "Villa" is the most costly type of property with a AED 1,164 / sq.feet cost followed by "Apartment" with an average price of AED 1,009 / sq.feet.