The prices in real estate in Al Reem Island, 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 Reem Island has remained the same in the last 6 months. In March, the average price per sq.feet was AED 1,040. In April this price pretty much remained the same at a value of AED 1,006 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,023 to AED 1,014 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 1,018.5 to AED 999.5 during July y August
Based upon to the price in Al Reem Island (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is AED 1,350,908. In April This price remains at AED 1,302,886. In the following two months the average price has remained the same with regard to the previous two months from AED 1,326,897 to AED 1,276,704. 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 1,301,800.5 and AED 1,332,577 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,345,485 they are 27 % more affordable than the average price for Al Reem Island. The properties with the highest average price have 4 bedrooms, Their price is 177 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,961,129.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 828 / sq.feet, with an average AED 1,038 / sq.feet price in Al Reem Island. The properties with the highest average prices have 4 bedrooms. They are 916 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 7,015 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,345,485 it is 14 % cheaper than the average price in Al Reem Island. "Apartment" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Commercial". At a price of AED 3,549,338 it is 357 % 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 934 / sq.feet followed by "Flat" priced at AED 1,007 / sq.feet. "Penthouse" is the most costly type of property with a AED 11,292 / sq.feet cost followed by "Townhouse" with an average price of AED 10,783 / sq.feet.