The rent prices in real estate in Meydan City, in the Dubai region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.feet in Meydan City has barely changed in the last 6 months. In September, the average price per sq.feet was AED 49.28. In October this price barely changed remaining at AED 50.01 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 49.65 to AED 50.54 per sq.feet. The price per sq.feet has fallen 94 % 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 50.09 to AED 47 during January, and February.
When referring to the price in Meydan City (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is AED 303,750. In October This price remains at AED 311,250. In the following two months the average price has hardly changed with regard to the previous two months from AED 307,500 to AED 297,500. Based on an analysis of the first four prices and the last two months the average price has increased 108 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of AED 342,989 they are 80 % more affordable than the average price for Meydan City . The properties with the lowest average price have 4 bedrooms, Their price is 37 % more affordable than the average. After that we have properties with 3 bedrooms priced at AED 144,946.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of AED 39 / sq.feet, with an average AED 46 / sq.feet price in Meydan City. The properties with the most expensive average prices have 1 bedroom. They are 72 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 59 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of AED 342,989 it is 74 % more affordable than the average price in Meydan City. "Studio" is seen as the second most affordable property type. The most affordable property is "Land" followed by "Studio". At a price of AED 175,973 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the most affordable property is "Land" at an average price of AED 29 / sq.feet followed by "Studio" priced at AED 34 / sq.feet. "Apartment" is the most expensive type of property with a AED 63 / sq.feet value followed by "Studio" with an average price of AED 34 / sq.feet.