The prices in real estate in Sadiyat Island, 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 Sadiyat Island has increased during the last 6 months. In January, the average price per sq.feet was AED 1,560. In the following month the price per sq.feet increased to AED 1,703. In the following two months the price per sq.feet has barely changed, going from AED 1,631.5 to AED 1,709.5 per sq.feet. The price per sq.feet has increased 105 % 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 1,670.5 to AED 1,755.5 during May, and June.
Based upon to the price in Sadiyat Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is AED 5,166,105. During February the price went through a considerable rise reaching AED 12,781,461. During the following two months (March, April) the average price had a considerable increase of 134 % 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 118 % 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 12,160,252 they are 88 % more affordable than the average price for Sadiyat Island. The properties with the lowest average price have 4 bedrooms, Their price is 46 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 4,701,748.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 1,414 / sq.feet, with an average AED 1,754 / sq.feet price in Sadiyat Island. The properties with the lowest average prices have 1 bedroom. They are 13 % cheaper than the average followed by properties with 2 bedrooms with a price at AED 1,507 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 12,160,252 it is 80 % cheaper than the average price in Sadiyat Island. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Townhouse". At a price of AED 5,142,371 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of AED 1,504 / sq.feet followed by "Apartment" priced at AED 1,515 / sq.feet. "Townhouse" is the cheapest type of property with a AED 1,517 / sq.feet value followed by "Apartment" with an average price of AED 1,515 / sq.feet.