The prices in real estate in Al Reef, in the Abu Dhabi region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Al Reef has fallen in the last 6 months. In April, the average price per sq.feet was AED 727. In May this price pretty much remained the same at a value of AED 694 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 710.5 to AED 678 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 694.25 to AED 695.5 during August y September
Based upon to the price in Al Reef (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is AED 1,394,669. In May This price remains at AED 1,375,387. In the following two months the average price has remained the same with regard to the previous two months from AED 1,385,028 to AED 1,356,774.5. 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 1,370,901.25 and AED 1,368,353 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,389,156 they are 51 % more affordable than the average price for Al Reef. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,329,356.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 647 / sq.feet, with an average AED 688 / sq.feet price in Al Reef. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 709 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,389,156 it is 65 % 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 "Apartment". At a price of AED 957,125 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 653 / sq.feet followed by "Apartment" priced at AED 724 / sq.feet. "Townhouse" is the most costly type of property with a AED 1,113 / sq.feet cost followed by "Studio" with an average price of AED 1,010 / sq.feet.