The rent prices in real estate in Al Reem Island, in the Abu Dhabi region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Al Reem Island has risen during the last 6 months. In September, the average price per sq.feet was AED 67.17. In October this price barely changed remaining at AED 68.76 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from AED 67.96 to AED 70.6 per sq.feet. The price per sq.feet has risen 110 % 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 69.28 to AED 76.45 during January, and February.
When referring to the price in Al Reem Island (cities), there have hardly been any changes in the last 6 months. The rent price in September is AED 93,393, rising in October till AED 98,367. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of AED 92,266.25 and AED 89,044.5 between January and February.
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 87,630 they are 23 % more affordable than the average price for Al Reem Island . The properties with the highest average price have 4 bedrooms, Their price is 166 % more expensive than the average. After that we have properties with 3 bedrooms priced at AED 131,387.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of AED 70.5 / sq.feet, with an average AED 76.01 / sq.feet price in Al Reem Island. The properties with the most expensive average prices have 4 bedrooms. They are 736 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 323.42 / sq.feet.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of AED 87,630 it is 3 % more affordable than the average price in Al Reem Island. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Penthouse" followed by "Office". At a price of AED 217,500 it is 254 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Flat" at an average price of AED 72.88 / sq.feet followed by "Apartment" priced at AED 76.18 / sq.feet. "Penthouse" is the most expensive type of property with a AED 740.89 / sq.feet value followed by "Office" with an average price of AED 529.65 / sq.feet.