Summary For Mirdif
Location Summary: Mirdif
Mirdif is a residential area located in the eastern part of Dubai, United Arab Emirates. It is a popular area with both locals and expats due to its central location and easy access to major highways.
Sales Transactions: In the past year, there have been 355 sales transactions in Mirdif.
Gross Sales Value: The total gross sales value of these transactions is AED 495 million.
Current Rate/Sq.ft: The current rate per square foot in Mirdif is AED 1,180.
Price Movement: There has been a decrease in price movement in Mirdif of -AED 17.
Overall, Mirdif is a desirable location for both buyers and renters due to its convenient location and varied housing options. While there has been a slight decrease in price movement, the overall sales transactions and gross sales value indicate a stable real estate market in the area.
Top Selling Projects for Mirdif
Dubai's Mirdif area has become a hub for some of the top selling real estate projects in the city. The latest data shows that these projects have a combined value of over AED 420 million. Here are the top three selling projects in Mirdif:
1. Mirdif Hills: This project has a current rate of AED 1,184 and a total sale value of AED 303 million. However, it has seen a decrease in its value by AED 13. Despite this, it remains one of the most sought after projects in the area.
2. Nasayem Avenue: With a current rate of AED 1,170 and a total sale value of AED 102 million, Nasayem Avenue is another popular project in Mirdif. It has seen a steady growth in value and has not experienced any major fluctuations.
3. Tanami Al Multaqa Avenue: This project has a current rate of AED 1,309 and a total sale value of AED 15 million. While it has not seen any major changes in value, it is still considered a lucrative investment opportunity.
These top selling projects in Mirdif cater to a variety of preferences and budgets. Whether you are looking for a luxurious lifestyle or a more affordable option, there is something for everyone in this vibrant community. With the steady growth of Dubai's real estate market, investing in these projects could prove to be a wise decision in the long run.
Price Trend For Mirdif
Location Sales Trend: Mirdif
Mirdif is a popular residential area in Dubai that has been witnessing a steady increase in real estate demand in recent times. The Location Sales Trend report for Mirdif provides an overview of the average rate per square foot and the number of transactions in the area over the next few quarters.
According to the report, the average rate per square foot in Mirdif is set to remain stable, with minor fluctuations between Q1'22 and Q1'23. The average rate for Q1'22 is 1197 AED per square foot, which is expected to drop to 1154 AED per square foot in Q2'22. However, the rate is expected to recover in the following quarters, with an estimated rate of 1186 AED per square foot in Q1'23.
The report also highlights the number of transactions in Mirdif, which is expected to increase significantly over the next few quarters. The number of transactions is projected to increase from 24 in Q1'22 to 89 in Q1'23, which is a significant jump. This suggests a high level of demand for residential properties in the area.
Overall, the Location Sales Trend report indicates that Mirdif is a promising location for real estate investment, with a stable rate per square foot and an increasing number of transactions. Investors and homebuyers looking for a prime location in Dubai should consider Mirdif as a viable option.
