The prices in real estate in Jumeirah Village Circle, 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 Village Circle has fallen in the last 6 months. In March, the average price per sq.feet was AED 847. In the following month the price per sq.feet decreased to AED 757. The price for the following two months in (May, June) 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 775.25 to AED 739.5 during July y August
Based upon to the price in Jumeirah Village Circle (cities), this has gone up in the last 6 months. The price in March is AED 1,202,935, rising in April till AED 1,268,942. In the following two months the average price has remained the same with regard to the previous two months from AED 1,235,938.5 to AED 1,261,179. 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 1,248,558.75 and AED 1,295,874 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,308,538 they are 36 % more affordable than the average price for Jumeirah Village Circle. The properties with the highest average price have 4 bedrooms, Their price is 111 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,762,747.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 622 / sq.feet, with an average AED 695 / sq.feet price in Jumeirah Village Circle. The properties with the highest average prices have 3 bedrooms. They are 301 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,491 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,308,538 it is 38 % cheaper than the average price in Jumeirah Village Circle. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of AED 7,035,262 it is 839 % 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 228 / sq.feet followed by "Apartment" priced at AED 587 / sq.feet. "Townhouse" is the most costly type of property with a AED 6,507 / sq.feet cost followed by "Villa" with an average price of AED 4,716 / sq.feet.