The prices in real estate in Al Bateen, in the Abu Dhabi region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Al Bateen has had a strong decrease during the last 6 months. In December, the average price per sq.feet was AED 3,284,108. In the following month the price per sq.feet decreased considerably to AED 1,955,570. The price for the following two months in (February, March) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 36 % 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 1,310,468.25 to AED 470,881 during April, and May.
Based upon to the price in Al Bateen (cities), this has gone up considerably in the last 6 months. The price in December is AED 6,783,333, rising in January till AED 7,690,909. During the following two months (February, March) the price has had an average incrementation from AED 7,237,121 to AED 7,776,922.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 88 % cheaper than the average price of AED 932,118 in Al Bateen. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 88 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of (AED 600 / sq.feet) in Al Bateen. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 7,580,830 it is 89 % cheaper than the average price in Al Bateen. "Penthouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Penthouse". At a price of AED 879,638 it is 88 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 565 / sq.feet followed by "Penthouse" priced at AED 597 / sq.feet. "Apartment" is the cheapest type of property with a AED 600 / sq.feet value followed by "Penthouse" with an average price of AED 597 / sq.feet.