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 June, the average price per sq.feet was AED 1,067. In July this price pretty much remained the same at a value of AED 1,051 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,059 to AED 1,009 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 1,034 to AED 1,057.5 during October y November
Based upon to the price in Mirdif (cities), this has fallen considerably in the last 6 months. The average price for June is AED 2,242,441. During July the price had a considerable reduction till AED 1,728,024. During the following two months (August, September) the average price fell 85 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from AED 1,839,390.25 to AED 1,730,594 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,555,876 they are 44 % more affordable than the average price for Mirdif. The properties with the highest average price have 4 bedrooms, Their price is 254 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,864,837.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 958 / sq.feet, with an average AED 1,045 / sq.feet price in Mirdif. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 1,042 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,555,876 it is 66 % cheaper than the average price in Mirdif. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 2,497,500 it is 114 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 656 / sq.feet followed by "Townhouse" priced at AED 1,018 / sq.feet. "Studio" is the most costly type of property with a AED 1,259 / sq.feet cost followed by "Apartment" with an average price of AED 1,056 / sq.feet.