The rent prices in real estate in Al Raha Beach, in the Abu Dhabi region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Al Raha Beach has had a strong fall during the last 6 months. In December, the average price per sq.feet was AED 42.88. In the following month the price per sq.feet fell to AED 37.41. The price for the following two months in (February, March) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 81 % 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 38.97 to AED 31.48 during April, and May.
When referring to the price in Al Raha Beach (cities), this has fallen considerably in the last 6 months. The average price for December is AED 78,732. During January the price had a slight fall till AED 70,817. During the following two months (February, March) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from AED 70,430 to AED 64,457 in April and May.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of AED 76,459 they are 40 % more affordable than the average price for Al Raha Beach . The properties with the highest average price have 4 bedrooms, Their price is 83 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 95,126.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of AED 32.59 / sq.feet, with an average AED 39.5 / sq.feet price in Al Raha Beach. The properties with the most expensive average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 42.76 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of AED 76,459 it is 65 % more affordable than the average price in Al Raha Beach. "Flat" is seen as the second most affordable property type. The most expensive property type is "Penthouse" followed by "Villa". At a price of AED 219,873 it is 257 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Apartment" at an average price of AED 10.03 / sq.feet followed by "Duplex" priced at AED 54 / sq.feet. "Villa" is the most expensive type of property with a AED 4,893.25 / sq.feet value followed by "Flat" with an average price of AED 91.83 / sq.feet.