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 April, the average price per sq.feet was AED 846. In the following month the price per sq.feet increased to AED 922. In the following two months the price per sq.feet has increased 107 %, going from AED 884 to AED 943 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 913.5 to AED 457.5 during August, and September.
Based upon to the price in Jumeirah Lake Towers (cities), this has fallen considerably in the last 6 months. The average price for April is AED 1,318,641. During May the price had a slight fall till AED 1,238,875. During the following two months (June, July) the price has had an average incrementation from AED 1,278,758 to AED 1,357,153.5. During the last two months the average price has had a strong fall compared to the previous four going from AED 1,317,955.75 to AED 723,231, which means a 55 % fall.