The prices in real estate in Yas 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 Yas Island has increased strongly during the last 6 months. In March, the average price per sq.feet was AED 999. In April this price pretty much remained the same at a value of AED 951 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 975 to AED 968.5 per sq.feet. The price per sq.feet has had a considerable increase of 297 % 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 971.75 to AED 2,887 during July, and August.
Based upon to the price in Yas Island (cities), this has gone up in the last 6 months. The price in March is AED 3,252,729, rising in April till AED 3,677,510. In the following two months the average price has remained the same with regard to the previous two months from AED 3,465,119.5 to AED 3,618,420. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of AED 3,541,769.75 and AED 3,395,099 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,293,313 they are 70 % more affordable than the average price for Yas Island. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,130,940.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of AED 1,262 / sq.feet, with an average AED 2,936 / sq.feet price in Yas Island. The properties with the highest average prices have 4 bedrooms. They are 176 % more expensive than the average followed by properties with 3 bedrooms with a price at AED 8,017 / sq.feet.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of AED 3,293,313 it is 53 % cheaper than the average price in Yas Island. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Duplex". At a price of AED 3,351,790 it is 36 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of AED 321 / sq.feet followed by "Duplex" priced at AED 932 / sq.feet. "Villa" is the most costly type of property with a AED 6,553 / sq.feet cost followed by "Flat" with an average price of AED 1,273 / sq.feet.