The prices in real estate in Jumeirah Village Triangle, 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 Triangle has increased strongly during the last 6 months. In June, the average price per sq.feet was AED 683. In the following month the price per sq.feet decreased to AED 636. The price for the following two months in (August, September) had a considerable increment of 121 %. The price per sq.feet has had a considerable increase of 125 % 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 728.75 to AED 908 during October, and November.
Based upon to the price in Jumeirah Village Triangle (cities), this has gone up considerably in the last 6 months. In our first sample month during June, the average price is AED 1,332,104. In July This price remains at AED 1,344,159. During the following two months (August, September) the average price had a considerable increase of 121 % 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 128 % 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 1,942,162 they are 47 % more affordable than the average price for Jumeirah Village Triangle. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 2 bedrooms priced at AED 2,290,536.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 683 / sq.feet, with an average AED 911 / sq.feet price in Jumeirah Village Triangle. The properties with the lowest average prices have 1 bedroom. They are 1 % cheaper than the average followed by properties with 2 bedrooms with a price at AED 884 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,942,162 it is 67 % cheaper than the average price in Jumeirah Village Triangle. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of AED 3,388,685 it is 356 % 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 208 / sq.feet followed by "Townhouse" priced at AED 696 / sq.feet. "Apartment" is the most costly type of property with a AED 973 / sq.feet cost followed by "Commercial" with an average price of AED 891 / sq.feet.