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 July, the average price per sq.feet was AED 724. In the following month the price per sq.feet increased to AED 815. The price for the following two months in (September, October) decreased 94 % 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 745.5 to AED 737 during November y December
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 July, is AED 1,066,521. During August the price went through a considerable rise reaching AED 1,233,910. In the following two months the average price has remained the same with regard to the previous two months from AED 1,150,215.5 to AED 1,189,104. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from AED 1,169,659.75 to AED 1,107,427.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,095,900 they are 35 % more affordable than the average price for Jumeirah Village Circle. The properties with the highest average price have 4 bedrooms, Their price is 100 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,593,978.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 719 / sq.feet, with an average AED 706 / sq.feet price in Jumeirah Village Circle. The properties with the highest average prices have 3 bedrooms. They are 357 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,787 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,095,900 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 "Villa". At a price of AED 2,101,731 it is 967 % 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 268 / sq.feet followed by "Apartment" priced at AED 690 / sq.feet. "Duplex" is the most costly type of property with a AED 4,649 / sq.feet cost followed by "Townhouse" with an average price of AED 3,952 / sq.feet.