The skyline of Sharjah.
PHOTO BY ARCHIVE
DUBAI – Good news for tenants: housing rents in Sharjah have continued to drop, drawing in more people looking for better housing at more affordable rates.
According to a report by real estate company Asteco, rents have dipped by 11 percent in the third quarter of 2019 compared to the same period last year.
As of Monday (October 21), listings on UAE property websites revealed that the price for studios in Sharjah start at an average of Dh11,000.
Real estate agents reported more clients moving from other emirates, particularly Ajman, to Sharjah due to the drop in rental rates.
According to the report, the most popular areas in Sharjah for residents are Al Majaz, Al Nahda, Muwaileh and Al Taawun. GAD/Expat Media
Dubai issues order to clarify holiday home rules
Biggest future-focused district in Middle East launches in Dubai
New rent deposit scheme for tenants in this Dubai area
Top 10 most in-demand jobs in UAE in 2020
Street hawkers, promo card distributors deported from Sharjah
British drug smuggler loses appeal in Dubai
Dubai expat to be deported for groping woman in Dragon Mart
Kobe Bryant’s helicopter flew during fog