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 July, the average price per sq.feet was AED 1,341. In August this price pretty much remained the same at a value of AED 1,333 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,337 to AED 1,350.5 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 1,343.75 to AED 1,355.5 during November y December
Based upon to the price in Meydan City (cities), this has gone downing the last 6 months. The average price for July is AED 6,864,832. During August the price had a slight fall till AED 6,430,850. During the following two months (September, October) the average price fell 88 % 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 6,258,326.5 and AED 6,125,844.5 between 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 5,853,759 they are 81 % more affordable than the average price for Meydan City. The properties with the lowest average price have 4 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 3,630,774.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,131 / sq.feet, with an average AED 1,343 / sq.feet price in Meydan City. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,372 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 5,853,759 it is 92 % 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 1,702,022 it is 105 % 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 400 / sq.feet followed by "Apartment" priced at AED 1,206 / sq.feet. "Studio" is the cheapest type of property with a AED 1,253 / sq.feet value followed by "Apartment" with an average price of AED 1,206 / sq.feet.