The prices in real estate in Jumeirah Village Circle, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Jumeirah Village Circle has remained the same in the last 6 months. In March, the average price per sq.feet was AED 821. In the following month the price per sq.feet increased to AED 874. In the following two months the price per sq.feet has barely changed, going from AED 847.5 to AED 866.5 per sq.feet. The price per sq.feet has decreased 90 % 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 857 to AED 769.5 during July, and August.
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 March, is AED 993,104. During April the price went through a considerable rise reaching AED 1,225,747. In the following two months the average price has remained the same with regard to the previous two months from AED 1,109,425.5 to AED 1,073,438. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 1,233,910 they are 38 % more affordable than the average price for Jumeirah Village Circle. The properties with the highest average price have 4 bedrooms, Their price is 117 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,615,252.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 730 / sq.feet, with an average AED 815 / sq.feet price in Jumeirah Village Circle. The properties with the highest average prices have 3 bedrooms. They are 38 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 892 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,233,910 it is 41 % 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 7,559,763 it is 835 % 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 260 / sq.feet followed by "Apartment" priced at AED 719 / sq.feet. "Townhouse" is the most costly type of property with a AED 2,519 / sq.feet cost followed by "Commercial" with an average price of AED 856 / sq.feet.