The prices in real estate in Yas 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 Yas Island has fallen in the last 6 months. In December, the average price per sq.feet was AED 1,058. In January this price pretty much remained the same at a value of AED 1,089 per sq.feet. The price for the following two months in (February, March) decreased 92 % with regard to the prior two months. The price per sq.feet has decreased 92 % 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 1,028.75 to AED 947.5 during April, and May.
Based upon to the price in Yas Island (cities), these have remained the same in the last 6 months. The average price for December is AED 3,279,816. During January the price had a slight fall till AED 2,986,459. In the following two months the average price has remained the same with regard to the previous two months from AED 3,133,137.5 to AED 3,249,121.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 3,580,739 they are 75 % more affordable than the average price for Yas Island. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,183,476.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of AED 914 / sq.feet, with an average AED 944 / sq.feet price in Yas Island. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at AED 1,150 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 3,580,739 it is 56 % cheaper than the average price in Yas Island. "Apartment" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of AED 3,467,275 it is 21 % 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 277 / sq.feet followed by "Villa" priced at AED 918 / sq.feet. "Flat" is the most costly type of property with a AED 1,243 / sq.feet cost followed by "Apartment" with an average price of AED 1,231 / sq.feet.