The prices in real estate in Meydan City, in the Dubai region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Meydan City has fallen in the last 6 months. In February, the average price per sq.feet was AED 1,357. In the following month the price per sq.feet decreased to AED 1,274. In the following two months the price per sq.feet has barely changed, going from AED 1,315.5 to AED 1,250 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 1,282.75 to AED 1,270 during June y July
Based upon to the price in Meydan City (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is AED 6,007,413. In March This price remains at AED 5,707,882. During the following two months (April, May) the average price fell 95 % 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 5,696,888 and AED 5,607,205 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 5,789,490 they are 83 % more affordable than the average price for Meydan City. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 3,662,484.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,090 / sq.feet, with an average AED 1,289 / sq.feet price in Meydan City. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,356 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 5,789,490 it is 86 % cheaper than the average price in Meydan City. "Apartment" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Apartment". At a price of AED 1,568,807 it is 103 % 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 410 / sq.feet followed by "Flat" priced at AED 1,098 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,226 / sq.feet value followed by "Flat" with an average price of AED 1,098 / sq.feet.