Have you ever dreamt of waking up to the breathtaking views of properties near Jumeirah, surrounded by luxury and sophistication? The real question is, what’s the actual value tucked away in the properties near Jumeirah?
Without wasting any further time, let’s take a closer look at the actual worth of properties in Jumeirah.
Average Apartment Price
An apartment’s worth in Dubai depends on many factors, such as its size, number of rooms, and property type.
Before getting into the numerical details, it’s essential for you to know that the more rooms an apartment has, the higher its price will be. And you must also know that there is a difference between the asking and final transaction price.
One-Room Apartment
Let’s start with the smallest apartment, which has just one room. This one-room apartment’s average asking price in Jumeirah is 2,350,000 AED, and deals are finally locked at an average price of 2,200,000 AED. But don’t get devastated, as these are just the average prices, the asking price of a room apartment in Jumeirah starts from 1,025,000 AED.
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Two-Room Apartment
As we go to the two-room apartment, the price increases immensely in Jumeirah. The average asking price for a two-room apartment in Jumeirah is 3,795,000 AED, while 3,312,500 AED is the average transaction sales price.
Additionally, apartments in Jumeirah start from 1,400,000 AED, so there are differences due to the location, design, and facilities given to an apartment.
Average Rental Price of Properties Near Jumeirah
The average rental price also depends on factors such as the number of rooms and increases as you opt for a bigger apartment. The per-year rent for apartments with different rooms is mentioned below.
| Number of Rooms | Average Rental Price |
| 1 | 130,000 AED |
| 2 | 220,000 AED |
| 3 | 435,000 AED |
| Studio | 135,000 AED |
What is the Average Property Value in Dubai?
As of February 2023, the average cost of purchasing a house in Dubai is approximately AED 3.3 million, as reported by property consultant Knight Frank. This figure serves as a valuable metric for individuals interested in the real estate market, offering insights into the prevailing property values in the dynamic city of Dubai.
This average house price reflects the current state of the real estate market in Dubai, capturing the economic dynamics and trends influencing property values in the city as of the specified date.
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Is Jumeirah an Expensive Area in Dubai?
Yes, Jumeirah is generally considered one of Dubai’s expensive and upscale areas. Known for its luxurious properties, stunning beachfront, and proximity to amenities, Jumeirah is a sought-after residential and commercial location. The cost of living and property prices in Jumeirah are relatively high compared to other areas in Dubai.
Should I Prefer Property in Jumeirah for Investment?
Yes, no doubt. With its strategic and planned infrastructure and number of business opportunities it’s the best place to prefer for property investment. The locations like Jumeirah are often preferred more in the sense of investment because they have all the facilities available as well as the location itself provides you the best experience ever.
So, you shouldn’t be afraid of investing in Jumeirah if you want to earn handsome returns!
Final Thoughts
With their luxury, amazing views, and great locations, these properties hold a special kind of value. Whether you’re looking for a fancy home or a wise investment, properties near Jumeirah offers something unique. So, when you think about it, the real worth isn’t just in the house itself but in the extraordinary life and experiences that come with it.
