Property prices for sale in Al Reem Island (Abu Dhabi)
The prices in real estate in Al Reem Island, in the Abu Dhabi region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Al Reem Island has increased during the last 6 months. In July, the average price per sq.feet was AED 961. In the following month the price per sq.feet increased to AED 1,038. In the following two months the price per sq.feet has increased 106 %, going from AED 999.5 to AED 1,054.5 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 1,027 to AED 1,075.5 during November y December
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 July, the average price is AED 1,319,669. In August This price remains at AED 1,345,485. In the following two months the average price has remained the same with regard to the previous two months from AED 1,332,577 to AED 1,291,864.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from AED 1,312,220.75 to AED 1,241,872 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,236,633 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 244 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,011,751.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,009 / sq.feet, with an average AED 1,048 / sq.feet price in Al Reem Island. The properties with the highest average prices have 4 bedrooms. They are 950 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 6,127 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of AED 1,236,633 it is 3 % more expensive than the average price in Al Reem Island. "Apartment" is seen as the second dearest property type. The dearest property type is "Villa" followed by "Penthouse". At a price of AED 7,081,250 it is 501 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Flat" at an average cost of AED 1,070 / sq.feet followed by "Townhouse" priced at AED 1,087 / sq.feet. "Penthouse" is the most costly type of property with a AED 12,205 / sq.feet cost followed by "Apartment" with an average price of AED 6,096 / sq.feet.
