The prices in real estate in Corniche, 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 Corniche has had a strong decrease during the last 6 months. In July, the average price per sq.feet was AED 1,231. In the following month the price per sq.feet decreased considerably to AED 836. The price for the following two months in (September, October) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 120 % 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 963 to AED 1,158 during November, and December.
Based upon to the price in Corniche (cities), this has gone downing the last 6 months. The average price for July is AED 303,921. During August the price had a considerable reduction till AED 174,300. During the following two months (September, October) the price has had an average incrementation from AED 239,110.5 to AED 259,525.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % 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 348,701 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 1,160 / 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 348,701 it is 35 % 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 226,889 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 853 / sq.feet followed by "Apartment" priced at AED 1,160 / sq.feet. "Apartment" is the cheapest type of property with a AED 1,160 / sq.feet value followed by "Office" with an average price of AED 853 / sq.feet.