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 August, the average price per sq.feet was AED 722. In the following month the price per sq.feet increased considerably to AED 874. In the following two months the price per sq.feet has increased 114 %, going from AED 798 to AED 908 per sq.feet. 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 853 to AED 881 during December y January
Based upon to the price in Jumeirah Village Triangle (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is AED 1,438,778. During September the price went through a considerable rise reaching AED 1,811,138. During the following two months (October, November) the average price had a considerable increase of 117 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 1,761,832.75 and AED 1,836,641.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,958,259 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 53 % more costly than the average. After that we have properties with 2 bedrooms priced at AED 2,411,278.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 686 / sq.feet, with an average AED 858 / sq.feet price in Jumeirah Village Triangle. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 908 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,958,259 it is 61 % 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 3,755,806 it is 252 % 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 209 / sq.feet followed by "Townhouse" priced at AED 698 / sq.feet. "Commercial" is the most costly type of property with a AED 997 / sq.feet cost followed by "Apartment" with an average price of AED 987 / sq.feet.