The prices in real estate in Palm Jumeirah, 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 Palm Jumeirah has remained the same in the last 6 months. In September, the average price per sq.feet was AED 2,027. In October this price pretty much remained the same at a value of AED 1,974 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 2,000.5 to AED 1,946 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 1,973.25 to AED 2,001 during January y February
Based upon to the price in Palm Jumeirah (cities), this has gone downing the last 6 months. The average price for September is AED 6,392,298. During October the price had a considerable reduction till AED 5,379,052. During the following two months (November, December) the average price fell 89 % 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 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 6,495,597 they are 68 % more affordable than the average price for Palm Jumeirah. The properties with the highest average price have 4 bedrooms, Their price is 92 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,778,584.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,720 / sq.feet, with an average AED 2,001 / sq.feet price in Palm Jumeirah. The properties with the highest average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 1 bedroom with a price at AED 1,825 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 6,495,597 it is 56 % cheaper than the average price in Palm Jumeirah. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of AED 16,429,966 it is 205 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 1,702 / sq.feet followed by "Apartment" priced at AED 1,868 / sq.feet. "Penthouse" is the most costly type of property with a AED 14,783 / sq.feet cost followed by "Townhouse" with an average price of AED 9,247 / sq.feet.