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 1,141. In April this price pretty much remained the same at a value of AED 1,112 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,126.5 to AED 1,071 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 1,098.75 to AED 1,089 during July y August
Based upon to the price in Al Reem Island (cities), these have remained the same in the last 6 months. The price in March is AED 1,355,559, rising in April till AED 1,509,682. In the following two months the average price has remained the same with regard to the previous two months from AED 1,432,620.5 to AED 1,374,389.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from AED 1,403,505 to AED 1,259,949 in 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 1,192,493 they are 24 % more affordable than the average price for Al Reem Island. The properties with the highest average price have 4 bedrooms, Their price is 189 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,039,012.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,000 / sq.feet, with an average AED 1,062 / sq.feet price in Al Reem Island. The properties with the highest average prices have 3 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at AED 1,065 / sq.feet.
The graph displaying the average prices displays the property type "Studio" as the most affordable one. At an cost of AED 1,192,493 it is 53 % 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 "Office". At a price of AED 2,214,860 it is 417 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Penthouse" at an average cost of AED 991 / sq.feet followed by "Office" priced at AED 1,038 / sq.feet. "Flat" is the most costly type of property with a AED 1,076 / sq.feet cost followed by "Studio" with an average price of AED 1,059 / sq.feet.