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 November, the average price per sq.feet was AED 1,094. In December this price pretty much remained the same at a value of AED 1,049 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,071.5 to AED 1,059 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 1,065.25 to AED 1,023 during March y April
Based upon to the price in Al Reem Island (cities), this has gone downing the last 6 months. The average price for November is AED 1,553,039. During December the price had a slight fall till AED 1,355,195. In the following two months the average price has remained the same with regard to the previous two months from AED 1,454,117 to AED 1,387,417. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from AED 1,420,767 to AED 1,326,897 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 1,302,886 they are 26 % more affordable than the average price for Al Reem Island. The properties with the highest average price have 4 bedrooms, Their price is 171 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 1,981,591.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 886 / sq.feet, with an average AED 1,006 / sq.feet price in Al Reem Island. The properties with the highest average prices have 3 bedrooms. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,023 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 1,302,886 it is 5 % 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 2,413,863 it is 280 % 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 987 / sq.feet followed by "Apartment" priced at AED 999 / sq.feet. "Flat" is the most costly type of property with a AED 1,057 / sq.feet cost followed by "Office" with an average price of AED 1,055 / sq.feet.