Property prices for sale in Baniyas (Abu Dhabi)
The prices in real estate in Baniyas, in the Abu Dhabi region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Baniyas has had a strong decrease during the last 6 months. In September, the average price per sq.feet was AED 5,557. In the following month the price per sq.feet increased considerably to AED 6,491. The price for the following two months in (November, December) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has increased 108 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 4,582.25 to AED 4,962 during January, and February.
Based upon to the price in Baniyas (cities), this has fallen considerably in the last 6 months. The average price for September is AED 3,168,750. During October the price had a slight fall till AED 2,945,000. During the following two months (November, December) the average price had a considerable reduction of 62 % with regard to the previous two months. 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 2,478,084 to AED 2,233,988.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 2,505,250 they are 75 % more affordable than the average price for Baniyas. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 2,716,667.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 5,187 / sq.feet, with an average AED 7,023 / sq.feet price in Baniyas. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 7,843 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 2,505,250 it is 63 % cheaper than the average price in Baniyas. "Villa" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Apartment". At a price of AED 925,625 it is 42 % 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 5,927 / sq.feet followed by "Villa" priced at AED 7,794 / sq.feet. "Villa" is the most costly type of property with a AED 7,794 / sq.feet cost followed by "Apartment" with an average price of AED 5,927 / sq.feet.
