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 July, the average price per sq.feet was AED 689. In August this price pretty much remained the same at a value of AED 703 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 696 to AED 680.5 per sq.feet. The price per sq.feet has decreased 95 % 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 688.25 to AED 652.5 during November, and December.
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 July, the average price is AED 1,398,187. In August This price remains at AED 1,347,550. In the following two months the average price has remained the same with regard to the previous two months from AED 1,372,868.5 to AED 1,400,803. 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 1,431,787 they are 55 % more affordable than the average price for Al Reef. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,362,850.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of AED 636 / sq.feet, with an average AED 639 / sq.feet price in Al Reef. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 699 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,431,787 it is 67 % 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 950,990 it is 11 % 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 605 / sq.feet followed by "Apartment" priced at AED 719 / sq.feet. "Townhouse" is the most costly type of property with a AED 1,107 / sq.feet cost followed by "Studio" with an average price of AED 1,004 / sq.feet.