The prices in real estate in Palm Jumeirah, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Palm Jumeirah has increased during the last 6 months. In October, the average price per sq.feet was AED 1,824. In November this price pretty much remained the same at a value of AED 1,914 per sq.feet. In the following two months the price per sq.feet has increased 115 %, going from AED 1,869 to AED 2,141 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 2,005 to AED 2,080 during February y March
Based upon to the price in Palm Jumeirah (cities), this has gone up in the last 6 months. The average price for October is AED 5,756,336. During November the price had a slight fall till AED 5,058,569. During the following two months (December, January) the price has had an average incrementation from AED 5,407,452.5 to AED 6,208,335.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 5,900,336 they are 65 % more affordable than the average price for Palm Jumeirah. The properties with the highest average price have 4 bedrooms, Their price is 104 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 5,891,267.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,708 / sq.feet, with an average AED 2,004 / sq.feet price in Palm Jumeirah. The properties with the highest average prices have 4 bedrooms. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,936 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 5,900,336 it is 46 % 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 14,050,474 it is 153 % 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 1,020 / sq.feet followed by "Townhouse" priced at AED 1,412 / sq.feet. "Penthouse" is the most costly type of property with a AED 2,093 / sq.feet cost followed by "Villa" with an average price of AED 2,042 / sq.feet.