UAE : Shortage of Smaller Flats in Sharjah, Ajman Drives Rent Increases

UAE : Shortage of Smaller Flats in Sharjah, Ajman Drives Rent Increases

Post by : Elena Malik

Rising Demand for Rentals in Sharjah and Ajman Amidst Dubai Commute Benefits

The appeal of Sharjah and Ajman as residential alternatives to Dubai has surged, driven by proximity to Dubai's schools and significant cost savings on rent. Recent reports indicate a notable increase in rental prices in these Northern Emirates, with one to two-bedroom apartments seeing up to a 20% rise compared to late 2023.

Raif Hassan Ikkeri, founder of Emaan Properties LLC, attributes this trend to the attractiveness of Sharjah and Ajman's rental differentials post-Covid, despite overall rental increases across the UAE. Mohammed Rayyan from A and H Real Estate corroborates this, noting a substantial increase in rents, particularly for one-bedroom apartments now starting from Dh30,000 to Dh36,000 annually.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel

Smaller units are in high demand, with one-bedroom apartments favored by small families and two-bedroom units sought after for accommodating visiting relatives. Rental prices for two-bedroom flats range from Dh36,000 to Dh52,000, a notable increase from six months ago when rates started at Dh34,000.

Preferred areas such as Al Nahda, Al Tawoun, and Al Majaz are seeing heightened interest due to their accessibility to transportation hubs, healthcare facilities, and retail outlets, along with convenient links to Dubai.

Rayyan emphasizes that the fixed rental rates for the initial three years of tenancy in Sharjah appeal to many residents, adding to the emirate's attractiveness. Additionally, the growing population influx, spurred by increased visa issuances and industrial growth in neighboring Ras Al Khaimah, further fuels housing demand in Sharjah and Ajman.

Investment trends show a preference for spacious villas and apartments in Ajman and Sharjah, especially among end-users and foreign investors attracted by comparatively lower property prices. Villas in Ajman's popular freehold areas like Rowdah, Yasmeen, and Zahia start at approximately Dh1.2 million, offering larger living spaces compared to Dubai's property market.

Experts foresee continued rental market adjustments in Sharjah and Ajman, influenced by Dubai's escalating rental costs, which have risen by 30% since early 2023. This trend underscores the Northern Emirates' growing significance as viable residential alternatives amidst shifting demographic and economic dynamics in the UAE.

July 13, 2024 3:13 p.m. 582

#trending #latest #SharjahRentals #AjmanRentals #DubaiCommute #UAEPropertyMarket #NorthernEmirates #RealEstateTrends #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai

Inside the Majlis The Heart of UAE Culture Where Coffee Meets Wisdom
June 13, 2025 6:13 p.m.
Discover the Majlis, where UAE culture and tradition unite
Read More
18th Homelife and AES Expo Ends on a High Note at Dubai World  Trade Centre
June 13, 2025 5:58 p.m.
The 18th Homelife & AES Expo 2025 in Dubai wrapped up successfully, uniting global brands in home, electronics & lifestyle
Read More
Lava Unveils Budget 5G Storm Play & Storm Lite Under ₹10,000
June 13, 2025 4:19 p.m.
Lava has launched its Storm Play and Storm Lite 5G smartphones starting at ₹7,999 and ₹9,999. Both pack 6.75″ 120 Hz screens, Dimensity chipsets, 50 MP cameras,
Read More
Siddhant Chaturvedi and Chae Soo-bin Star in Ad That Feels Like a K‑Drama‑Bollywood Dream
June 13, 2025 4:29 p.m.
Siddhant Chaturvedi and Korean star Chae Soo-bin have teamed up for a new commercial that has social media buzzing. With charming visuals and heartfelt vibes, f
Read More
H&H Launches Eden House Za’abeel in DIFC, Redefining Luxury Living
June 13, 2025 4:40 p.m.
H&H has introduced Eden House Za’abeel in Dubai’s DIFC, offering 1‑3 bedroom apartments and premium penthouses. Designed by DXB Lab and Tristan Auer, the develo
Read More
The Biggest Shocking Truth About Olympic Gold Medals You Never Knew
June 13, 2025 5:01 p.m.
Olympic gold medals are mostly silver, not solid gold
Read More
UAE Worship Places Hold Silent Prayers for Ahmedabad Air India Crash Victims
June 13, 2025 3:38 p.m.
Mosques, temples, and churches throughout the UAE joined in prayer and silent tribute for the victims and survivors of the Ahmedabad Air India crash. Indian exp
Read More
Preparation for the 18th Edition of the Homelife and AES Expo Begins at Dubai World Trade Centre
June 11, 2025 4:08 p.m.
Discover the latest in home, appliances & electronics at the 18th Homelife & AES Expo in Dubai, June 11–13, 2025. Connect, innovate, and grow your business
Read More
Samsung Confirms Galaxy Z Fold 7 as Thinnest, Lightest Foldable Yet
June 13, 2025 3:29 p.m.
Samsung has officially teased the Galaxy Z Fold 7, confirming it's set to be their thinnest and lightest foldable phone yet. Expected in July with Snapdragon 8
Read More
Sponsored
https://markaziasolutions.com/
Trending News