The prices in real estate in Jumeirah Village Circle, 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 Village Circle has increased during the last 6 months. In January, the average price per sq.feet was AED 702. In the following month the price per sq.feet increased to AED 777. The price for the following two months in (March, April) decreased 94 % with regard to the prior two months. The price per sq.feet has increased 111 % 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 715.75 to AED 792 during May, and June.
Based upon to the price in Jumeirah Village Circle (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is AED 1,082,465. During February the price went through a considerable rise reaching AED 1,436,993. During the following two months (March, April) the price has had an average incrementation from AED 1,259,729 to AED 1,420,976.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from AED 1,340,352.75 to AED 1,161,657.5 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 985,329 they are 27 % more affordable than the average price for Jumeirah Village Circle. The properties with the highest average price have 4 bedrooms, Their price is 160 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,930,271.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 743 / sq.feet, with an average AED 862 / sq.feet price in Jumeirah Village Circle. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at AED 807 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 985,329 it is 31 % cheaper than the average price in Jumeirah Village Circle. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of AED 6,056,857 it is 973 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 248 / sq.feet followed by "Townhouse" priced at AED 673 / sq.feet. "Commercial" is the most costly type of property with a AED 4,230 / sq.feet cost followed by "House" with an average price of AED 2,128 / sq.feet.