Business | General
Sharjah rents up 16 per cent as tenants leave Dubai
Property market sees increased demand as more tenants swap emirates
Real Estate people are just increasing the rent without any reason. There is no boom economically or financially and just produce rumours to hike the rent. Even they are not following the laws correctly that only after 03 years they can increase the rent. And over municipality, no one will pick up the phone ever and there is a phone number in very building,'993' but never picked up.
JB, sharjah, United Arab Emirates
These landlords think that expat are coming to UAE not to earn but to pay only their high rents. Dont forget after every dark night there is a bright sunlight. And dont forget Allah (s.w.t) knows everything and he will do the justice to all.
Tanveer Ali Haidery , The Hague, Netherlands
I agree, its always and everywhere a question of the demand controlling the market prices. This is valid for every product and worldwide. BUT, what the landlords do to justify the increase? Do they renovate the buildings, do they offer a regular and proper maintenance for A/C units, parking space, fire and safety equipment, a regular window and facade cleaning etc? All these things should be considered for an increase of rents. Unfortunately I noticed, after the rental cheques are submitted, the tenants dont have any strong argument to discuss with the landlors when there is a gap between hight rent and (not) offered building maintenance or missing response on repair requests.
claudia, Sharjah, United Arab Emirates
We are a small family - myself, husband and our 2 year old son currently live in International city. The rents have increased to such an extent that our landlord have asked us to vacate the apartment indicating a major maintenance to perform! Why they actually asked us to leave is the question. We are currently paying Aed 29,000 per annum for 1BHK and they are not allowed to increase the rent as per RERA. Even if they want to they will only be able to raise by 5%. The current market rate for 1 BHK in international city is not less than AED 38,000 per annum when we enquired! Thus, only if they vacate us, can they sell at this price! Days and nights were spent looking for a 1 bedroom apartment from Dubai Silicon Oasis to Qusais to Muhaisinah and till Sharjah. The long search resulted in finding few flats which pleased our hearts but not our pockets! Finally we decided to move within international city itself allowing our pockets tear for a AED 42,000 per annum for 1 BHK. A rise of AED 13,000/- within a year, Who are regulating these real estate agents? How can someone throw a family out just to hike the prices? Well, we don't have a choice, do we? The only wish I have is, if our wages too increased like this every year!
Ariya Joseph, Dubai, United Arab Emirates
correct Mr. Anonymous due to this rule regarding contracts people are finding cheaper rents in other emirates.
singh, mumbai, India
We are not satisfied that rent were increase. I am a low income employee. ultimately I decided to cancelled my family visa of my wife,daughter and son. atleast I can save money on Emirates ID,Visa renewal,Visa medical expenses , school expenses, air tickets,no need double or single bedroom will share with bachelor accommodation.
shaan, Abu Dhabi, United Arab Emirates
Put a Metro from Sharjah to Dubai to stop this maddening rent hike in Dubai. Rates in Sharjah are still bearable.
Papa, Dubai, United Arab Emirates
Please have some pity on people who earning less. Please.
Muhammad, Dubai, United Arab Emirates
It is a universal law, a slow and steady progressive growth will sustain but not otherwise. Regulations to protect the rights of the residents has to be undertaken.
Sajna Fassul, Dubai, United Arab Emirates
In this matter the government should do something.
yousuf zakir, Dubai, Oman
Most popular stories on gulfnews.com
Popular in Business General
Popular in Business
Business Editor's choice
Audacious ATM frauds prompt bank warnings; customers urged to watch out for skimming devices
Dusseldorf, Madrid bring European gateways served by superjumbos to 13
Khalifa Industrial Zone is fast emerging a focal point for all new activity