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 1,091. In the following month the price per sq.feet decreased considerably to AED 856. The price for the following two months in (May, June) had a considerable increment of 216833 %. The price per sq.feet has had a considerable increase of 573 % 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 1,055,919 to AED 6,051,321 during July, and August.
Based upon to the price in Al Bateen (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is AED 8,409,401. In April This price remains at AED 8,260,676. During the following two months (May, June) the average price fell 86 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 158 % 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 92 % cheaper than the average price of AED 929,322 in Al Bateen. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 92 % 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 597 / 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 11,640,000 it is 93 % 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 877,001 it is 92 % 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 562 / sq.feet followed by "Penthouse" priced at AED 594 / sq.feet. "Apartment" is the cheapest type of property with a AED 597 / sq.feet value followed by "Penthouse" with an average price of AED 594 / sq.feet.