Property prices for sale in Al Bateen (Abu Dhabi)
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 July, the average price per sq.feet was AED 9,500,172. In the following month the price per sq.feet decreased considerably to AED 2,602,470. The price for the following two months in (September, October) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 3,028,223.5 to AED 6,555 during November, and December.
Based upon to the price in Al Bateen (cities), this has fallen considerably in the last 6 months. The average price for July is AED 12,900,000. During August the price had a slight fall till AED 11,640,000. During the following two months (September, October) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 11,106,428 to AED 6,829,166.5, which means a 61 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of AED 6,925,000 they are 87 % more affordable than the average price for Al Bateen. The properties with the lowest average price have 1 bedroom, Their price is 87 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 925,608.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 593 / sq.feet, with an average AED 6,176 / sq.feet price in Al Bateen. The properties with the lowest average prices have 1 bedroom. They are 90 % cheaper than the average followed by properties with 3 bedrooms with a price at AED 593 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 6,925,000 it is 88 % 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 873,495 it is 87 % 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 558 / sq.feet followed by "Penthouse" priced at AED 590 / sq.feet. "Apartment" is the cheapest type of property with a AED 593 / sq.feet value followed by "Penthouse" with an average price of AED 590 / sq.feet.
