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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa, Residential property Watch more

Sharjah residential rents rise 15pct since October

Posted on 30 April 2013

According to Cluttons, a real estate consultancy, the increase in rent is due to demand outstripping supply for the first time since the global financial crisis.
Apartments in popular areas such as Al Majaz, Al Nahda and Al Qassimiya saw an average rental increase of 10 to 15 per cent since October 2012. In areas such as Sharghan, Al Fisht and Al Falaj, villa rents went up a similar 15 per cent due to strong growth in demand and a lack of quality stock………………………………………..Full Article: Source


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