The prices in real estate in Al Hamra Village, in the Ras al-Khaimah region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Al Hamra Village has remained the same in the last 6 months. In November, the average price per sq.feet was AED 407. In December this price pretty much remained the same at a value of AED 401 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 404 to AED 402.5 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 403.25 to AED 391 during March y April
Based upon to the price in Al Hamra Village (cities), these have remained the same in the last 6 months. The average price for November is AED 570,475. During December the price had a slight fall till AED 521,787. During the following two months (January, February) the average price fell 93 % 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 119 % 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 596,306 they are 41 % more affordable than the average price for Al Hamra Village. The properties with the highest average price have 4 bedrooms, Their price is 153 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 952,500.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 375 / sq.feet, with an average AED 388 / sq.feet price in Al Hamra Village. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 405 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 596,306 it is 50 % cheaper than the average price in Al Hamra Village. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 934,188 it is 81 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Flat" at an average cost of AED 368 / sq.feet followed by "Villa" priced at AED 388 / sq.feet. "Apartment" is the most costly type of property with a AED 394 / sq.feet cost followed by "Townhouse" with an average price of AED 393 / sq.feet.