The prices in real estate in Corniche, 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 Corniche has remained the same in the last 6 months. In April, the average price per sq.feet was AED 810. In May this price pretty much remained the same at a value of AED 810 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 147 %. The price per sq.feet has had a considerable deflation of 42 % 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 1,001.25 to AED 417 during August, and September.
Based upon to the price in Corniche (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is AED 660,000. In May This price remains at AED 660,000. During the following two months (June, July) the average price had a considerable reduction of 49 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from AED 492,916.25 to AED 86,975, which means a 18 % fall.