Facility showcases its exciting proposition at the 2024 arabian travel market
uae10 hours ago
Residential property rents have become more affordable in the Northern Emirates over the past one year — mainly due to low demand, high supply and the impact of the coronavirus pandemic on the overall economy.
Listen to this story and ore on the 8@8 with David Light podcast
ALSO READ:
Though rents are on the rise in some areas as the economy recovers from the impact of Covid-19, they are still down in most areas.
Average rental rates in Northern Emirates dropped in the range of 3-11 per cent in the first quarter, as compared to the same period last year.
In Sharjah, Asteco data showed apartment rents dropping across the board between three per cent to 13 per cent. The least noticeable drop was witnessed in areas closer to Dubai, such as Al Nahda, where rents fell three per cent in the first quarter of 2021 year-on-year. The most noticeable drop was witnessed in the Rolla area where rental rates fell 13 per cent.
Data showed Sharjah’s Al Butina is the most economical area in the UAE to rent at the moment, with studio apartments costing as low as Dh9,000 a year, averaging just Dh750 a month.
Below is the list of starting rental rates in the Northern Emirates (per annum):
Sharjah
>> Studio:
> Dh9,000 in Butina
> Dh10,000 in Yarmook
> Dh10,000 in Rolla
> Dh11,000 in Qasimiah
> Dh12,000 in Abu Shagara
> Dh12,000 in Al Nahda
> Dh13,000 in Al Wahda
> Dh13,000 in Corniche
> Dh13,000 in Al Majaz
>> One-bedroom:
> Dh12,000 in Butina
> Dh13,000 in Rolla
> Dh13,500 in Al Qasimiah
> Dh14,000 in Al Yarmook
> Dh15,000 in Al Nahda
> Dh15,000 in Abu Shagara
> Dh16,000 in Al Wahda
> Dh18,000 in Al Majaz
> Dh22,000 in Corniche
>> Two-bedroom:
> Dh15,000 in Butina
> Dh15,000 in Al Yarmook
> Dh16,000 in Al Qasimiah
> Dh16,000 in Rolla
> Dh18,000 in Al Nahda
> Dh20,000 in Abu Shagara
> Dh22,000 in Al Wahda
> Dh22,000 in Al Majaz
> Dh25,000 in Corniche
>> Three-bedroom:
> Dh28,000 in Al Butina
> Dh28,000 in Rolla
> Dh28,000 in Al Wahda
> Dh28,000 in Al Yarmook
> Dh29,000 in Al Majaz
> Dh30,000 in Al Qasimiah
> Dh30,000 in Abu Shagara
> Dh32,000 in Al Nahda
> Dh35,000 in Corniche
Ajman
> Dh10,000 for studio
> Dh12,000 for one-bedroom
> Dh14,000 for two-bedroom
> Dh20,000 for three-bedroom
Umm Al Quwain
> Dh10,000 for studio
> Dh15,000 for one-bedroom
> Dh20,000 for two-bedroom
> Dh27,000 for three-bedroom
Ras Al Khaimah
> Dh11,500 for studio
> Dh16,000 for one-bedroom
> Dh17,000 for two-bedroom
> Dh32,000 for three-bedroom
Fujairah
> Dh13,000 for studio
> Dh16,000 for one-bedroom
> Dh20,000 for two-bedroom
> Dh32,000 for three-bedroom
Source: Asteco
waheedabbas@khaleejtimes.com
Facility showcases its exciting proposition at the 2024 arabian travel market
uae10 hours ago
Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
cricket11 hours ago
Fraser-McGurk has blasted 309 runs in seven matches for the Delhi Capitals at a strike-rate of 235.87
cricket11 hours ago
The mayor of Seoul also extended a cordial invitation to the RTA to participate in the upcoming Seoul Smart Life Week
uae11 hours ago
The units are equipped to transform residences into golfing sanctuaries while eradicating the limitations of weather, seasonality and tee times
sports11 hours ago
When the Paris opening ceremony begins on July 26, it will be the first time the city has played host for a century after previous editions in 1924 and 1900
sports11 hours ago
This decision to invite players outside of the top 100 has precedents which is an interesting initiative to watch
sports11 hours ago
Saudi Arabia's Abdullah Al-Qahtani meets Morocco's Taha Bendaoud in the main event
sports11 hours ago