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 October, the average price per sq.feet was AED 1,034. In the following month the price per sq.feet increased to AED 1,103. In the following two months the price per sq.feet has barely changed, going from AED 1,068.5 to AED 1,061 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 1,064.75 to AED 1,057 during February y March
Based upon to the price in Al Reem Island (cities), these have remained the same in the last 6 months. The average price for October is AED 1,333,928. During November the price had a slight fall till AED 1,247,111. In the following two months the average price has remained the same with regard to the previous two months from AED 1,290,519.5 to AED 1,284,939.5. 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 1,287,729.5 and AED 1,266,239.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,308,680 they are 28 % more affordable than the average price for Al Reem Island. The properties with the highest average price have 4 bedrooms, Their price is 221 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,178,766.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of AED 1,050 / sq.feet, with an average AED 1,067 / sq.feet price in Al Reem Island. The properties with the highest average prices have 4 bedrooms. They are 518 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 1,134 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,308,680 it is 7 % 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 "Townhouse". At a price of AED 3,861,154 it is 241 % 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 979 / sq.feet followed by "Flat" priced at AED 1,059 / sq.feet. "Townhouse" is the most costly type of property with a AED 7,061 / sq.feet cost followed by "Penthouse" with an average price of AED 4,356 / sq.feet.