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 911. In March this price pretty much remained the same at a value of AED 948 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 929.5 to AED 919 per sq.feet. The price per sq.feet has increased 106 % 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 924.25 to AED 975.5 during June, and July.
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 February, the average price is AED 1,722,875. In March This price remains at AED 1,699,411. During the following two months (April, May) the price has had an average incrementation from AED 1,711,143 to AED 1,843,693. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 1,942,958 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 67 % more costly than the average. After that we have properties with 2 bedrooms priced at AED 2,646,419.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 720 / sq.feet, with an average AED 975 / sq.feet price in Jumeirah Village Triangle. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at AED 966 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,942,958 it is 62 % 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 "Villa". At a price of AED 2,824,286 it is 433 % 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 198 / sq.feet followed by "Villa" priced at AED 870 / sq.feet. "Commercial" is the most costly type of property with a AED 1,166 / sq.feet cost followed by "Apartment" with an average price of AED 1,056 / sq.feet.