The prices in real estate in Jumeirah Village Triangle, 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 Triangle has fallen in the last 6 months. In April, the average price per sq.feet was AED 839. In May this price pretty much remained the same at a value of AED 804 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has increased 108 % 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 740.5 to AED 798 during August, and September.
Based upon to the price in Jumeirah Village Triangle (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is AED 1,263,941. In May This price remains at AED 1,232,795. During the following two months (June, July) the price has had an average incrementation from AED 1,248,368 to AED 1,338,131.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 126 % 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 1,811,138 they are 44 % more affordable than the average price for Jumeirah Village Triangle. The properties with the highest average price have 4 bedrooms, Their price is 87 % more costly than the average. After that we have properties with 2 bedrooms priced at AED 2,183,950.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 743 / sq.feet, with an average AED 874 / sq.feet price in Jumeirah Village Triangle. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 826 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,811,138 it is 75 % cheaper than the average price in Jumeirah Village Triangle. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 2,294,562 it is 349 % 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 228 / sq.feet followed by "Townhouse" priced at AED 740 / sq.feet. "Apartment" is the most costly type of property with a AED 966 / sq.feet cost followed by "Studio" with an average price of AED 881 / sq.feet.