{"id":36154,"date":"2016-11-27T23:57:10","date_gmt":"2016-11-27T16:57:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=36154"},"modified":"2016-11-27T21:56:15","modified_gmt":"2016-11-27T14:56:15","slug":"northern-emirates-rents-stay-flat-after-falling-earlier-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/northern-emirates-rents-stay-flat-after-falling-earlier-this-year\/","title":{"rendered":"Northern Emirates rents stay flat after falling earlier this year"},"content":{"rendered":"


\nHousing 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 cost-conscious workers as cheap locations when rents in Dubai increase.According to the property broker Asteco, rents for flats in Sharjah fell by 1 per cent during the three months to the end of September.”The stabilisation of the market was a knock-on effect, in part, to rental rates in Dubai also balancing out,” said John Stevens, Asteco’s managing director. “As a result there was a minimal number of relocations taking place between Dubai and the Northern Emirates.”The brokers Cluttons reported that rents in Sharjah had fallen by about 8.3 per cent year-on-year in the first quarter of this year as the slowdown in the UAE economy led to job losses and cost savings across the board and prompted Dubai landlords to reduce rents. According to the property broker JLL, rents for flats in Dubai fell by 3 per cent in the first quarter of this year before falling another 1 per cent in the second quarter and stabilising in the third quarter.Asteco reported that on average, rents in new developments in Sharjah ranged from Dh20,000 to Dh35,000 for a studio and Dh45,000 to Dh90,000 for a three-bedroom unit.Rents in the upmarket Al Majaz area and Al Khan (Al Mamzar) had the largest quarterly increases, rising by an average of 2 per cent compared with the previous quarter to range from Dh25,000 to Dh35,000 for a studio, while three-bedroom apartments are available from Dh48,000 to Dh90,000.Meanwhile, rents along the emirate’s Corniche had the biggest quarterly falls, dipping by an average of 9 per cent to start from Dh26,000 to Dh35,000 for a studio while three-bedroom apartments span from Dh60,000 to Dh95,000.Asteco said that rents in Ajman increased by 1 per cent during the three months to the end of September this year because of a number of new housing developments entering the market and an improvement in the emirate in terms of road connectivity and shops.Rent for high-end apartments in Ajman ranged from Dh22,000 to Dh38,000 for a studio, while three-bedroom apartments were available from Dh42,000 to Dh72,000.Asteco said that housing rents in Fujairah remained stable over the quarter. Rental rates typically varied from Dh23,000 to Dh28,000 for a studio and Dh45,000 to Dh60,000 for a three-bedroom flat.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Northern Emirates rents stay flat after falling earlier this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Housing rents in the UAE’s Northern Emirates remained largely flat during the third quarter after...<\/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-36154","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\/p75ss1-9p8","jetpack-related-posts":[{"id":44830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cheaper-housing-in-dubai-suppresses-sharjah-and-ajman-rents\/","url_meta":{"origin":36154,"position":0},"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":22203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/proportion-of-commuters-into-dubai-is-on-the-wane\/","url_meta":{"origin":36154,"position":1},"title":"Proportion of commuters into Dubai is on the wane","date":"August 7, 2016","format":false,"excerpt":"\r It may seem unlikely if you are stuck in rush hour traffic out of Sharjah, but a report suggests the proportion of Dubai's population commuting into the city is actually fallingFor thousands of low or moderately paid workers flocking to shops and offices across Dubai, commuting into the city\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":36154,"position":2},"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":[]},{"id":5080,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-reit-decides-it-is-time-to-buy-low-as-dubai-market-softens\/","url_meta":{"origin":36154,"position":3},"title":"Emirates Reit decides it is time to buy low as Dubai market softens","date":"February 17, 2016","format":false,"excerpt":"\r \r The UAE's only quoted real estate investment trust, Emirates Reit, has increased its borrowings to capitalise on a softening in the Dubai market this year.The Nasdaq Dubai-listed Emirates Reit said that it had increased its Islamic financing facilities by US$123 million last year in an attempt to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rents-spike-dubai-rents-drop\/","url_meta":{"origin":36154,"position":4},"title":"Abu Dhabi rents spike, Dubai rents drop","date":"September 28, 2016","format":false,"excerpt":"\r Man behind the Burj Khalifa: \u2018you don\u2019t know the future\u2019 View of Abu Dhabi skyline at sunset. prochasson frederic\/Shutterstock As the weakening crude oil market continues to wreak havoc on the UAE economy, rental values in its two largest emirates are veering in different directions. Average rental prices across\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7756,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-increases-rent-in-shopping-spaces-including-the-dubai-mall\/","url_meta":{"origin":36154,"position":5},"title":"Emaar increases rent in shopping spaces including The Dubai Mall","date":"March 13, 2016","format":false,"excerpt":"\r \r One of Dubai's biggest landlords of shopping space has increased rents for retailers already tackling a slowdown in economic activity in the emirate. Emaar Malls, 84 per cent owned by parent Emaar, has raised rents at its properties, which include \"trophy asset\" The Dubai Mall, by 14 per\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\/36154"}],"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=36154"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36154\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}