The prices in real estate in Al Raha Beach, 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 Raha Beach has had a strong decrease during the last 6 months. In December, the average price per sq.feet was AED 1,884. In the following month the price per sq.feet decreased considerably to AED 1,314. The price for the following two months in (February, March) had a considerable decrease of 79 with regard to the prior two months. 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 1,429.75 to AED 1,358.5 during April y May
Based upon to the price in Al Raha Beach (cities), this has gone up in the last 6 months. The price in December is AED 2,214,062, rising in January till AED 2,380,221. In the following two months the average price has remained the same with regard to the previous two months from AED 2,297,141.5 to AED 2,238,163.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 2,290,910 they are 37 % more affordable than the average price for Al Raha Beach. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,924,351.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,275 / sq.feet, with an average AED 1,365 / sq.feet price in Al Raha Beach. The properties with the highest average prices have 4 bedrooms. They are 165 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 2,294 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 2,290,910 it is 10 % cheaper than the average price in Al Raha Beach. "Apartment" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Villa". At a price of AED 5,440,823 it is 206 % 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 1,327 / sq.feet followed by "Apartment" priced at AED 1,444 / sq.feet. "Penthouse" is the most costly type of property with a AED 35,367 / sq.feet cost followed by "Townhouse" with an average price of AED 7,765 / sq.feet.