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 January, the average price per sq.feet was AED 1,219. In the following month the price per sq.feet increased to AED 1,300. In the following two months the price per sq.feet has barely changed, going from AED 1,259.5 to AED 1,222 per sq.feet. The price per sq.feet has decreased 87 % 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 1,240.75 to AED 1,081 during May, and June.
Based upon to the price in Meydan (cities), this has gone up in the last 6 months. The average price for January is AED 2,028,571. During February the price had a considerable reduction till AED 1,520,829. During the following two months (March, April) the average price had a considerable increase of 126 % 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 141 % 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 2,858,860 they are 65 % more affordable than the average price for Meydan. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,054,479.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 947 / sq.feet, with an average AED 1,054 / sq.feet price in Meydan. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,122 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 2,858,860 it is 60 % cheaper than the average price in Meydan. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of AED 4,252,520 it is 528 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of AED 816 / sq.feet followed by "Townhouse" priced at AED 914 / sq.feet. "Flat" is the most costly type of property with a AED 1,189 / sq.feet cost followed by "Apartment" with an average price of AED 1,143 / sq.feet.