The prices in real estate in Meydan City, 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 City has remained the same in the last 6 months. In March, the average price per sq.feet was AED 1,361. In April this price pretty much remained the same at a value of AED 1,336 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,348.5 to AED 1,316.5 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 1,332.5 to AED 1,337 during July y August
Based upon to the price in Meydan City (cities), these have remained the same in the last 6 months. The average price for March is AED 6,467,044. During April the price had a slight fall till AED 5,908,429. In the following two months the average price has remained the same with regard to the previous two months from AED 6,187,736.5 to AED 6,298,532. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 6,430,850 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 31 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 3,645,336.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,168 / sq.feet, with an average AED 1,333 / sq.feet price in Meydan City. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,380 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 6,430,850 it is 93 % 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 1,708,849 it is 88 % 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 404 / sq.feet followed by "Apartment" priced at AED 1,214 / sq.feet. "Studio" is the cheapest type of property with a AED 1,261 / sq.feet value followed by "Apartment" with an average price of AED 1,214 / sq.feet.