The prices in real estate in Corniche, 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 Corniche has increased during the last 6 months. In October, the average price per sq.feet was AED 926. In the following month the price per sq.feet increased considerably to AED 1,160. In the following two months the price per sq.feet has increased 115 %, going from AED 1,043 to AED 1,198.5 per sq.feet. The price per sq.feet has had a considerable deflation of 76 % 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 1,120.75 to AED 849.5 during February, and March.
Based upon to the price in Corniche (cities), these have remained the same in the last 6 months. The price in October is AED 290,916, rising in November till AED 333,662. In the following two months the average price has remained the same with regard to the previous two months from AED 312,289 to AED 326,813.5. During the last two months the average price has had a strong fall compared to the previous four going from AED 319,551.25 to AED 201,710.5, which means a 63 % fall.
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 228,946 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 862 / 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.
With regard to the average price based upon the property in Corniche we can see that the cheapest property type is "Apartment" at a price of AED 228,946, they are 0 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 0 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of AED 862 / sq.feet. "Apartment" with an average cost of AED 862 / sq.feet has the lowest price and would be directed at less affluent cities.