The rent prices in real estate in Meydan City, in the Dubai region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Meydan City has risen during the last 6 months. In December, the average price per sq.feet was AED 45.34. In the following month the price per sq.feet rose to AED 50.01. In the following two months the price per sq.feet has practically remained the same, going from AED 47.67 to AED 49.6 per sq.feet. The price per sq.feet has hardly changed in the last two months compared to the average price of the previous four months going from an average price of AED 48.64 to AED 46.35 during April y May
When referring to the price in Meydan City (cities), this has fallen in the last 6 months. The average price for December is AED 362,500. During January the price had a slight fall till AED 311,250. In the following two months the average price has hardly changed with regard to the previous two months from AED 336,875 to AED 338,958.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of AED 337,916.75 and AED 330,666.5 between April and May.
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 333,000 they are 78 % more affordable than the average price for Meydan City . The properties with the lowest average price have 4 bedrooms, Their price is 35 % more affordable than the average. After that we have properties with 3 bedrooms priced at AED 159,360.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of AED 38 / sq.feet, with an average AED 48.13 / 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 63 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of AED 333,000 it is 75 % 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 177,570 it is 10 % 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 37 / sq.feet followed by "Studio" priced at AED 43 / sq.feet. "Apartment" is the most expensive type of property with a AED 70 / sq.feet value followed by "Studio" with an average price of AED 43 / sq.feet.