The prices in real estate in Al Reef, in the Abu Dhabi 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 Reef has remained the same in the last 6 months. In February, the average price per sq.feet was AED 700. In March this price pretty much remained the same at a value of AED 703 per sq.feet. The price for the following two months in (April, May) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 116 % 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 658 to AED 760.5 during June, and July.
Based upon to the price in Al Reef (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is AED 1,423,416. In March This price remains at AED 1,354,787. During the following two months (April, May) the average price fell 88 % 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 1,497,920 they are 54 % more affordable than the average price for Al Reef. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,355,120.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 2,341 / sq.feet, with an average AED 890 / sq.feet price in Al Reef. The properties with the highest average prices have 4 bedrooms. They are 320 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 2,746 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,497,920 it is 68 % cheaper than the average price in Al Reef. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Flat". At a price of AED 886,304 it is 19 % 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 717 / sq.feet followed by "Studio" priced at AED 995 / sq.feet. "Apartment" is the most costly type of property with a AED 5,641 / sq.feet cost followed by "Villa" with an average price of AED 3,569 / sq.feet.