The prices in real estate in Saadiyat Island, in the Abu Dhabi region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Saadiyat Island has fallen in the last 6 months. In December, the average price per sq.feet was AED 1,484. In January this price pretty much remained the same at a value of AED 1,435 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,459.5 to AED 1,389.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of AED 1,424.5 to AED 1,403.5 during April y May
Based upon to the price in Saadiyat Island (cities), this has fallen considerably in the last 6 months. The average price for December is AED 7,541,786. During January the price had a considerable reduction till AED 6,366,100. During the following two months (February, March) the average price had a considerable reduction of 84 % 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 gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 6,647,019 they are 69 % more affordable than the average price for Saadiyat Island. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 4,394,106.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,231 / sq.feet, with an average AED 1,396 / sq.feet price in Saadiyat Island. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,372 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 6,647,019 it is 57 % cheaper than the average price in Saadiyat Island. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Townhouse". At a price of AED 4,057,933 it is 54 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 323 / sq.feet followed by "Townhouse" priced at AED 1,197 / sq.feet. "Apartment" is the most costly type of property with a AED 1,454 / sq.feet cost followed by "Villa" with an average price of AED 1,415 / sq.feet.