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 924. In the following month the price per sq.feet increased considerably to AED 1,156. In the following two months the price per sq.feet has increased 115 %, going from AED 1,040 to AED 1,194.5 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 1,117.25 to AED 847.5 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 290,334, rising in November till AED 332,994. In the following two months the average price has remained the same with regard to the previous two months from AED 311,664 to AED 326,159. During the last two months the average price has had a strong fall compared to the previous four going from AED 318,911.5 to AED 201,306.5, 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 228,488 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 860 / 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 228,488 it is 1 % 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 226,208 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 850 / sq.feet followed by "Apartment" priced at AED 860 / sq.feet. "Apartment" is the cheapest type of property with a AED 860 / sq.feet value followed by "Office" with an average price of AED 850 / sq.feet.