Sharjah residential rents increase by 2%
Marginal rate adjustment noted in selected areas as residents continue exodus to Dubai where prices are falling
yesterday i found an ad book showing one day offer (one bedroom for Dh22,000 in International city. So how could Sharjah rent go high by 2 per cent?
This report is not correct. The real estate company will never say that rent is dropping otherwise it will affect its market. Rents are dropping and with God's will it will continue dropping.
this report is not true, i am living in a studio flat near Al Nabba. it was 20k in 2009 and now its only 9k..!!
Brenny C, Sharjah
Rent in Sharjah especially Al Nahda have dropped by 35 to 40 per cent within last 2 years for new apartments.
I do not agree. The rents in Sharjah are further coming down
It is misleading article. You can not judge with one or two cases for all of Sharjah. Rather it should show that rents in Sharjah are still going down and people prefer to stay inspite of the threat of power cuts. Being a leading newspaper we expect some truth rather than assumption.
This not true, rents are going down and still there is lot of supply available and no new demand. definatly it will go down further in coming years, again many units will be ready as the year will pass.
Ateeque , sharjah
The above report is abslutely wrong.
I live in Al Nahda 2. We came here four months back and we paid Dh24,000 as single payment for a 1 bedroom. Last month we got another house rented for my brother-in-law in our same building and the rent for them was Dh21,000 for single bedroom with one payment.
Rents are high in Dother places compared to Sharjah and people with low income cannot afford this increase. I live in Sharjah and my rent has decreased by Dhs4,000.