{"id":12658,"date":"2016-05-11T14:17:49","date_gmt":"2016-05-11T07:17:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=12658"},"modified":"2016-05-11T12:29:07","modified_gmt":"2016-05-11T05:29:07","slug":"sharjah-rents-fall-8-and-decline-set-to-continue-in-line-with-dubai","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sharjah-rents-fall-8-and-decline-set-to-continue-in-line-with-dubai\/","title":{"rendered":"Sharjah rents fall 8% and decline set to continue in line with Dubai"},"content":{"rendered":"


\nRents in Sharjah as set to continue dropping in 2016 after experiencing an 8.3 per cent year-on-year fall in the first quarter of 2016, according to Cluttons. The property consultancy said rents over the three-month period dropped by 5.7 per cent, fuelled mainly by rapidly-declining villa rents. Average villa rents have dropped by 13.2 per cent, while average apartment rents are 1.5 per cent lower.Cluttons said that weaker conditions in the Sharjah market are likely to continue as the year progresses, with average rental falls of between 3 and 5 per cent predicted.Faisal Durrani, the head of research at Cluttons, said: “Rents across Sharjah’s more affordable areas remain linked to the performance of Dubai’s rental market. With a weak short-term outlook for Dubai, we do not expect to see any turn around in rental value growth until jobs linked to the World Expo in 2020 start to materialise, which we should start to see in the next 12 to 18 months.”Until then, the rental market in Sharjah is expected to remain subdued.”Cluttons said that demand for gated communities remains strong, citing both Majid Al Futtaim’s Al Zahia and the Dh2.4bn Tilal City project as examples.It said that these units remain affordable when compared with Dubai, with three-bed villas typically commanding rents of Dh90,000 per year, compared with between Dh120,000-Dh340,000 in Dubai communities.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Sharjah rents fall 8% and decline set to continue in line with Dubai<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rents in Sharjah as set to continue dropping in 2016 after experiencing an 8.3 per...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12658","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3ia","jetpack-related-posts":[{"id":36154,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/northern-emirates-rents-stay-flat-after-falling-earlier-this-year\/","url_meta":{"origin":12658,"position":0},"title":"Northern Emirates rents stay flat after falling earlier this year","date":"November 27, 2016","format":false,"excerpt":"\r Housing rents in the UAE's Northern Emirates remained largely flat during the third quarter after falling in the first part of the year in line with the performance of the Dubai market.Sharjah and the other Northern Emirates, located within commuting distance to Dubai, have traditionally been seen by many\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheaper-housing-in-dubai-suppresses-sharjah-and-ajman-rents\/","url_meta":{"origin":12658,"position":1},"title":"Cheaper housing in Dubai suppresses Sharjah and Ajman rents","date":"February 20, 2017","format":false,"excerpt":"\r The growth in the number of developers looking to provide more affordable housing schemes to buyers in Dubai is having a knock-on effect in the Northern Emirates, with rents falling across the board and some landlords even offering monthly payments and rent-free periods to attract tenants, according to Asteco.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37112,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-end-villas-lead-fall-in-rents-across-abu-dhabi-says-cluttons\/","url_meta":{"origin":12658,"position":2},"title":"High-end villas lead fall in rents across Abu Dhabi, says Cluttons","date":"December 5, 2016","format":false,"excerpt":"\r Rents have fallen by 9.4 per cent across Abu Dhabi's residential investment areas since the start of the year according to new research. The decline outpaced a fall of about 5.2 per cent in the value of homes over the same period, according to a report from Cluttons. It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-office-rents-face-summer-of-decline\/","url_meta":{"origin":12658,"position":3},"title":"Dubai office rents face summer of decline","date":"May 24, 2016","format":false,"excerpt":"\r Dubai's office market faces a \"challenging\" outlook, with further rental declines likely to come over the summer months after a period of relative stability, says the property consultant Cluttons. The company said that although rents held in some of Dubai's prime free zones, such as DIFC and Dubai Media\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11436,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-rents-fall-fastest-in-prime-areas-as-jobs-market-weakens\/","url_meta":{"origin":12658,"position":4},"title":"Dubai rents fall fastest in prime areas as jobs market weakens","date":"April 27, 2016","format":false,"excerpt":"\r Dubai rents could fall by as much as 5 per cent this year, with the biggest drops in prime areas including Dubai Marina and Palm Jumeirah, according to Cluttons. The consultancy said that rents in prime areas are likely to fall by up to 7 per cent, driven by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4812,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sharjah-and-ajman-property-prices-fall-as-dubai-developers-offer-cheaper-homes\/","url_meta":{"origin":12658,"position":5},"title":"Sharjah and Ajman property prices fall as Dubai developers offer cheaper homes","date":"February 15, 2016","format":false,"excerpt":"\r \r Sales of new homes in the Northern Emirates are likely to remain subdued in 2016 as a \"bleak economic outlook will affect buyer's sentiment,\" according to a new report from Asteco Property Consultants. The Northern Emirates are typically interdependent with Dubai's property market, and with both house prices\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12658"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=12658"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}