The rent prices in real estate in Al Bateen, in the Abu Dhabi region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Al Bateen has fallen during the last 6 months. In September, the average price per sq.feet was AED 412.22. In the following month the price per sq.feet rose considerably to AED 476.05. The price for the following two months in (November, December) fell 87 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 416.18 to AED 342.45 during January, and February.
When referring to the price in Al Bateen (cities), this has fallen considerably in the last 6 months. The average price for September is AED 185,000. During October the price had a considerable fall till AED 146,632. During the following two months (November, December) the average price had a considerable fall of 74 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from AED 144,526.75 to AED 118,299.5, which means a 82 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of AED 117,856 they are 37 % more affordable than the average price for Al Bateen . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 2 bedrooms priced at AED 110,500.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of AED 282.94 / sq.feet, with an average AED 402.91 / sq.feet price in Al Bateen. The properties with the most expensive average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at AED 439.88 / sq.feet.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of AED 117,856 it is 81 % more affordable than the average price in Al Bateen. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Penthouse". At a price of AED 144,132 it is 104 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Penthouse" at an average price of AED 31 / sq.feet followed by "Flat" priced at AED 72.24 / sq.feet. "Apartment" is the most expensive type of property with a AED 687.74 / sq.feet value followed by "Villa" with an average price of AED 316.37 / sq.feet.