The prices in real estate in Al Raha Beach, in the Abu Dhabi 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 Raha Beach has increased during the last 6 months. In October, the average price per sq.feet was AED 1,247. In November this price pretty much remained the same at a value of AED 1,277 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 127 %. The price per sq.feet has decreased 88 % 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 1,430.5 to AED 1,260.5 during February, and March.
Based upon to the price in Al Raha Beach (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is AED 2,262,599. In November This price remains at AED 2,202,228. In the following two months the average price has remained the same with regard to the previous two months from AED 2,232,413.5 to AED 2,297,141.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 2,264,777.5 and AED 2,238,163.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,254,223 they are 39 % more affordable than the average price for Al Raha Beach. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,895,264.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,251 / sq.feet, with an average AED 1,302 / sq.feet price in Al Raha Beach. The properties with the highest average prices have 4 bedrooms. They are 328 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 3,527 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 2,254,223 it is 5 % cheaper than the average price in Al Raha Beach. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Penthouse". At a price of AED 6,822,222 it is 297 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of AED 1,271 / sq.feet followed by "Flat" priced at AED 1,343 / sq.feet. "Penthouse" is the most costly type of property with a AED 14,795 / sq.feet cost followed by "Villa" with an average price of AED 10,589 / sq.feet.