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FINANCIAL NEWS
Sharjah’s residential, commercial property markets to fall
08 Dec 2016
(MENAFN) Rents in Sharjah’s residential and commercial property markets have dropped for a second year, increasing in tenancy options in the emirate.
Additionally, the market has been tracking Dubai”s market for almost 2 years, with rates in Dubai down by 8 percent on this time last year.
Accordingly, there has also been a notable fall in overall tenant requirements as tenants find themselves in the unique position of being spoilt for choice.
Meanwhile, average rents in Sharjah are still 30 percent higher than they were at the start of 2012, emphasizing the strength of rent rises in recent years.
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