Property prices for sale in Palm Jumeirah (Dubai)
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 March, the average price per sq.feet was AED 3,355. In the following month the price per sq.feet decreased to AED 2,965. The price for the following two months in (May, June) had a considerable increment of 125 %. The price per sq.feet has increased 109 % 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 3,555.75 to AED 3,859.5 during July, and August.
Based upon to the price in Palm Jumeirah (cities), this has gone up in the last 6 months. The average price for March is AED 10,388,264. During April the price had a considerable reduction till AED 8,188,906. During the following two months (May, June) the average price had a considerable increase of 128 % 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 risen strongly 117 % 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 12,376,441 they are 74 % more affordable than the average price for Palm Jumeirah. The properties with the highest average price have 4 bedrooms, Their price is 207 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 15,411,743.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 3,059 / sq.feet, with an average AED 3,930 / sq.feet price in Palm Jumeirah. The properties with the highest average prices have 4 bedrooms. They are 52 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 4,460 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 12,376,441 it is 38 % cheaper than the average price in Palm Jumeirah. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Commercial". At a price of AED 39,768,327 it is 258 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of AED 2,011 / sq.feet followed by "Apartment" priced at AED 3,779 / sq.feet. "Villa" is the most costly type of property with a AED 5,936 / sq.feet cost followed by "Commercial" with an average price of AED 5,455 / sq.feet.
