The prices in real estate in Meydan, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Meydan has remained the same in the last 6 months. In August, the average price per sq.feet was AED 1,144. In September this price pretty much remained the same at a value of AED 1,164 per sq.feet. The price for the following two months in (October, November) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 106 % 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 1,123.75 to AED 1,196 during December, and January.
Based upon to the price in Meydan (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is AED 1,625,719. During September the price went through a considerable rise reaching AED 1,953,362. During the following two months (October, November) the average price had a considerable increase of 155 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 2,278,327 and AED 2,170,573 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,028,571 they are 54 % more affordable than the average price for Meydan. The properties with the highest average price have 4 bedrooms, Their price is 94 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,573,914.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,034 / sq.feet, with an average AED 1,219 / sq.feet price in Meydan. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,307 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 2,028,571 it is 43 % cheaper than the average price in Meydan. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of AED 6,277,500 it is 585 % 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 768 / sq.feet followed by "Townhouse" priced at AED 1,004 / sq.feet. "Flat" is the most costly type of property with a AED 1,466 / sq.feet cost followed by "Apartment" with an average price of AED 1,243 / sq.feet.