The prices in real estate in Mirdif, 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 Mirdif has remained the same in the last 6 months. In January, the average price per sq.feet was AED 1,151. In February this price pretty much remained the same at a value of AED 1,168 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,159.5 to AED 1,171 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 1,165.25 to AED 1,131 during May y June
Based upon to the price in Mirdif (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is AED 1,329,857. In February This price remains at AED 1,371,242. In the following two months the average price has remained the same with regard to the previous two months from AED 1,350,549.5 to AED 1,414,338. Based on an analysis of the first four prices and the last two months the average price has risen strongly 389 % 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 3,329,187 they are 71 % more affordable than the average price for Mirdif. The properties with the highest average price have 4 bedrooms, Their price is 123 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,405,684.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 915 / sq.feet, with an average AED 1,140 / sq.feet price in Mirdif. The properties with the highest average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 1 bedroom with a price at AED 1,239 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 3,329,187 it is 84 % cheaper than the average price in Mirdif. "Flat" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of AED 1,645,404 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of AED 1,031 / sq.feet followed by "Flat" priced at AED 1,051 / sq.feet. "Studio" is the most costly type of property with a AED 1,245 / sq.feet cost followed by "Apartment" with an average price of AED 1,158 / sq.feet.