Complex Made Simple

Rents fall 6% in Sharjah

Downward movement in the rental market in the Northern Emirates, especially in Sharjah, has seen apartment rates fall by an average of 6% over the last three months, reversing the static trend of the previous two quarters, according to a new report from Asteco. A combination of increasing vacancy rates in certain areas and the introduction of stricter tenancy rules in the emirate were cited as the main reasons for the decline, after a positive start to the year.