The prices in real estate in Al Hamra Village, in the Ras al-Khaimah region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Al Hamra Village has increased during the last 6 months. In October, the average price per sq.feet was AED 410. In the following month the price per sq.feet increased to AED 447. In the following two months the price per sq.feet has barely changed, going from AED 428.5 to AED 446.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 437.5 to AED 454.5 during February y March
Based upon to the price in Al Hamra Village (cities), this has fallen considerably in the last 6 months. The average price for October is AED 715,387. During November the price had a slight fall till AED 611,222. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 633,955 they are 37 % more affordable than the average price for Al Hamra Village. The properties with the highest average price have 4 bedrooms, Their price is 136 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,251,667.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 421 / sq.feet, with an average AED 467 / sq.feet price in Al Hamra Village. The properties with the highest average prices have 3 bedrooms. They are 10 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 473 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 633,955 it is 39 % cheaper than the average price in Al Hamra Village. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 1,188,889 it is 329 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of AED 458 / sq.feet followed by "Flat" priced at AED 486 / sq.feet. "Villa" is the most costly type of property with a AED 531 / sq.feet cost followed by "Flat" with an average price of AED 486 / sq.feet.