THIS RENTAL WAVE IS LIFTING ALL EMIRATES: The rental wave is now coursing through all of the emirates and no longer just a Dubai phenomenon. The ripples now extend into Sharjah and the other northern emirates, where newly completed apartment buildings and communities are coming in at higher than average asking rates. And there is more than ample demand going around to meet those demands, with tenants willing to do so for quality living spaces and the surroundings to match. In their own way, this also reflects the uptick in business activity in each of the emirates, with the free zones being the early beneficiaries and now extending onto mainland office buildings. Will rest of 2023 see rents growing in a similar vein? Or will tenants get some respite? No one is talking off a cool-off just yet… (By Manoj Nair, Business Editor)