The prices in real estate in Jumeirah Village Triangle, 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 Triangle has remained the same in the last 6 months. In February, the average price per sq.feet was AED 752. In the following month the price per sq.feet increased to AED 828. In the following two months the price per sq.feet has barely changed, going from AED 790 to AED 821.5 per sq.feet. The price per sq.feet has had a considerable deflation of 82 % 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 805.75 to AED 659.5 during June, and July.
Based upon to the price in Jumeirah Village Triangle (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is AED 1,394,922. In March This price remains at AED 1,390,630. During the following two months (April, May) the average price fell 90 % 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 1,320,572 and AED 1,338,131.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,344,159 they are 39 % more affordable than the average price for Jumeirah Village Triangle. The properties with the highest average price have 4 bedrooms, Their price is 155 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,997,374.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 520 / sq.feet, with an average AED 636 / sq.feet price in Jumeirah Village Triangle. The properties with the highest average prices have 4 bedrooms. They are 35 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 828 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,344,159 it is 67 % 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 2,257,487 it is 395 % 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 191 / sq.feet followed by "Apartment" priced at AED 529 / sq.feet. "Studio" is the most costly type of property with a AED 912 / sq.feet cost followed by "Flat" with an average price of AED 897 / sq.feet.