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Residential rents in Sharjah dropped around eight to nine per cent in the second quarter as against the same period last year.
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Thanks to the abundant supply of residential apartments, Sharjah was also the most affordable and tenant-friendly emirate in the UAE.
The latest second-quarter 2021 report from Asteco showed that Al Butina in Sharjah is one of the most economical areas to rent in the UAE, where a studio apartment costs just Dh9,000 a year, followed by Rolla and Al Yarmook where tenants pay Dh10,000 for a studio.
Below is the list of the starting apartment rental rates across different areas of Sharjah by Asteco:
Studio:
>> Dh9,000 in Al Butina
>> Dh10,000 in Al Yarmook
>> Dh10,000 in Rolla
>> Dh11,000 in Al Qasimiah
>> Dh12,000 in Al Nahda
>> Dh12,000 in Abu Shagara
>> Dh13,000 in Al Majaz
>> Dh13,000 in Al Wahda
>> Dh13,000 in Corniche
>> Dh14,000 in Al Khan (Al Mamzar)
1-bedroom:
>> Dh12,000 in Al 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
>> Dh19,000 in Al Khan (Al Mamzar)
>> Dh22,000 in Corniche
2-bedrooms:
>> Dh15,000 in Al Butina
>> Dh15,000 in Al Yarmook
>> Dh16,000 in Rolla
>> Dh16,000 in Al Qasimiah
>> Dh18,000 in Al Nahda
>> Dh20,000 in Abu Shagara
>> Dh22,000 in Al Wahda
>> Dh22,000 in Al Majaz
>> Dh25,000 in Corniche
>> Dh25,000 in Al Khan (Al Mamzar)
3-bedrooms:
>> Dh28,000 in Al Butina
>> Dh28,000 in Rolla
>> Dh28,000 in Al Yarmook
>> Dh28,000 in Al Wahda
>> Dh29,000 in Al Majaz
>> Dh30,000 in Al Qasimiah
>> Dh30,000 in Abu Shagara
>> Dh32,000 in Al Nahda
>> Dh35,000 in Corniche
>> Dh36,000 in Al Khan (Al Mamzar)
-waheedabbas@khaleejtimes.com
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