The prices in real estate in Jumeirah Village Circle, in the Dubai region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Jumeirah Village Circle has increased strongly during the last 6 months. In December, the average price per sq.feet was AED 706. In the following month the price per sq.feet increased considerably to AED 838. In the following two months the price per sq.feet has increased 110 %, going from AED 772 to AED 850.5 per sq.feet. 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 811.25 to AED 775.5 during April y May
Based upon to the price in Jumeirah Village Circle (cities), this has gone up in the last 6 months. The average price during our first sample month during December, is AED 1,095,900. During January the price went through a considerable rise reaching AED 1,261,195. During the following two months (February, March) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 1,401,079 they are 44 % more affordable than the average price for Jumeirah Village Circle. The properties with the highest average price have 4 bedrooms, Their price is 88 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,765,431.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 677 / sq.feet, with an average AED 794 / sq.feet price in Jumeirah Village Circle. The properties with the highest average prices have 3 bedrooms. They are 398 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 897 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,401,079 it is 46 % 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 "Villa". At a price of AED 2,123,187 it is 769 % 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 230 / sq.feet followed by "Apartment" priced at AED 688 / sq.feet. "House" is the most costly type of property with a AED 15,915 / sq.feet cost followed by "Villa" with an average price of AED 2,631 / sq.feet.