The prices in real estate in Meydan, in the Dubai region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Meydan has increased during the last 6 months. In July, the average price per sq.feet was AED 6,723. In August this price pretty much remained the same at a value of AED 6,870 per sq.feet. The price for the following two months in (September, October) had a considerable increment of 116 %. The price per sq.feet has increased 108 % 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 7,333.25 to AED 7,938 during November, and December.
Based upon to the price in Meydan (cities), this has gone downing the last 6 months. The average price for July is AED 3,088,800. During August the price had a slight fall till AED 2,924,355. In the following two months the average price has remained the same with regard to the previous two months from AED 3,006,577.5 to AED 2,993,304.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from AED 2,999,941 to AED 2,780,678.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,696,359 they are 68 % more affordable than the average price for Meydan. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,214,225.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of AED 8,694 / sq.feet, with an average AED 7,400 / sq.feet price in Meydan. The properties with the highest average prices have 1 bedroom. They are 62 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 10,560 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,696,359 it is 62 % cheaper than the average price in Meydan. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 2,946,711 it is 118 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of AED 802 / sq.feet followed by "Flat" priced at AED 1,239 / sq.feet. "Apartment" is the most costly type of property with a AED 11,950 / sq.feet cost followed by "Townhouse" with an average price of AED 9,826 / sq.feet.