The prices in real estate in Jumeirah Lake Towers, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Jumeirah Lake Towers has fallen in the last 6 months. In September, the average price per sq.feet was AED 1,008. In October this price pretty much remained the same at a value of AED 1,003 per sq.feet. The price for the following two months in (November, December) decreased 93 % with regard to the prior two months. 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 971.25 to AED 954 during January y February
Based upon to the price in Jumeirah Lake Towers (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is AED 1,443,073. In October This price remains at AED 1,499,507. During the following two months (November, December) 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 1,398,861 and AED 1,334,029.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,245,872 they are 18 % more affordable than the average price for Jumeirah Lake Towers. The properties with the highest average price have 4 bedrooms, Their price is 177 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,463,468.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 1,100 / sq.feet, with an average AED 1,035 / sq.feet price in Jumeirah Lake Towers. The properties with the highest average prices have 4 bedrooms. They are 302 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,223 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,245,872 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 "Penthouse" followed by "Duplex". At a price of AED 3,033,000 it is 242 % 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 786 / sq.feet followed by "Flat" priced at AED 921 / sq.feet. "Penthouse" is the most costly type of property with a AED 8,905 / sq.feet cost followed by "Duplex" with an average price of AED 8,205 / sq.feet.