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 July, the average price per sq.feet was AED 851. In August this price pretty much remained the same at a value of AED 834 per sq.feet. The price for the following two months in (September, October) 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 814.25 to AED 794 during November y December
Based upon to the price in Jumeirah Village Circle (cities), these have remained the same in the last 6 months. The average price for July is AED 914,239. During August the price had a slight fall till AED 822,531. During the following two months (September, October) the price has had an average incrementation from AED 868,385 to AED 979,046.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 997,307 they are 24 % more affordable than the average price for Jumeirah Village Circle. The properties with the highest average price have 4 bedrooms, Their price is 138 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,745,678.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 660 / sq.feet, with an average AED 831 / sq.feet price in Jumeirah Village Circle. The properties with the lowest average prices have 2 bedrooms. They are 1 % cheaper than the average followed by properties with 1 bedroom with a price at AED 806 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 997,307 it is 29 % cheaper than the average price in Jumeirah Village Circle. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of AED 8,940,817 it is 1600 % 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 219 / sq.feet followed by "Townhouse" priced at AED 566 / sq.feet. "Apartment" is the most costly type of property with a AED 904 / sq.feet cost followed by "Commercial" with an average price of AED 830 / sq.feet.