The prices in real estate in Al Bateen, in the Abu Dhabi region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Al Bateen has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 1,376,145. In the following month the price per sq.feet increased considerably to AED 1,741,664. The price for the following two months in (May, June) had a considerable increment of 125 %. The price per sq.feet has increased 108 % 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 1,750,948 to AED 1,884,790 during July, and August.
Based upon to the price in Al Bateen (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is AED 9,174,075. In April This price remains at AED 8,798,549. In the following two months the average price has remained the same with regard to the previous two months from AED 8,986,312 to AED 8,769,542. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 8,877,927 and AED 8,750,786 between July and August.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 91 % cheaper than the average price of AED 900,021 in Al Bateen. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 91 % 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 607 / 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 "Penthouse" as the most affordable one. At an cost of AED 10,135,294 it is 91 % cheaper than the average price in Al Bateen. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Apartment". At a price of AED 900,021 it is 90 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of AED 594 / sq.feet followed by "Penthouse" priced at AED 606 / sq.feet. "Apartment" is the cheapest type of property with a AED 607 / sq.feet value followed by "Penthouse" with an average price of AED 606 / sq.feet.