The prices in real estate in Sadiyat Island, in the Abu Dhabi region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Sadiyat Island has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 1,690. In April this price pretty much remained the same at a value of AED 1,729 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 1,709.5 to AED 1,755.5 per sq.feet. The price per sq.feet has had a considerable increase of 561 % 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 1,732.5 to AED 9,717.5 during July, and August.
Based upon to the price in Sadiyat Island (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is AED 12,142,579. In April This price remains at AED 11,865,736. In the following two months the average price has remained the same with regard to the previous two months from AED 12,004,158 to AED 12,355,386. During the last two months the average price has had a strong fall compared to the previous four going from AED 12,179,772 to AED 7,137,382, which means a 59 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 7,379,910 they are 69 % more affordable than the average price for Sadiyat Island. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at AED 4,953,005.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of AED 11,442 / sq.feet, with an average AED 9,926 / sq.feet price in Sadiyat Island. The properties with the highest average prices have 1 bedroom. They are 75 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 15,310 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of AED 7,379,910 it is 66 % cheaper than the average price in Sadiyat Island. "Apartment" is seen as the second most affordable property type. The dearest property type is "Penthouse" followed by "Villa". At a price of AED 8,963,237 it is 200 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of AED 13,092 / sq.feet followed by "Villa" priced at AED 13,672 / sq.feet. "Penthouse" is the most costly type of property with a AED 36,359 / sq.feet cost followed by "Duplex" with an average price of AED 18,912 / sq.feet.