The prices in real estate in Corniche, in the Abu Dhabi region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Corniche has increased strongly during the last 6 months. In February, the average price per sq.feet was AED 837. In March this price pretty much remained the same at a value of AED 862 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 123 %. The price per sq.feet has had a considerable increase of 127 % 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 945.5 to AED 1,196.5 during June, and July.
Based upon to the price in Corniche (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is AED 174,475. During March the price went through a considerable rise reaching AED 228,946. During the following two months (April, May) the average price had a considerable increase of 155 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of AED 303,921 in Corniche. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of (AED 1,231 / sq.feet) in Corniche. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of AED 303,921 it is 25 % cheaper than the average price in Corniche. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Office". At a price of AED 228,030 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of AED 858 / sq.feet followed by "Apartment" priced at AED 1,231 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,231 / sq.feet value followed by "Office" with an average price of AED 858 / sq.feet.