Rents in some areas of Sharjah have risen 2 per cent over the second quarter of 2011 despite a power cuts, petrol problems and a growing exodus of tenants to Dubai.
Quoting officials from real estate firm Asteco, Gulf News reported that rents for studio apartments in Al Khan and Corniche have climbed up to Dh25,000 though prices have fallen in other areas of the emirate. Office rents in the two areas also saw an increase by 5 per cent.
However, the growing exodus to Dubai, where the rents dipped further, continues even as tenants are prepared to pay the premium to be closer to their work places.
For more information visit Dubai real estate
Dubai rents continue to ease as Sharjah sees selective hike
Holidaymakers to abide by host country rules
With summer drawing close, and people gearing up to spend holidays abroad, the ministry has released instructions to the citizens planning to holiday outside the country.
The Ministry of Foreign Affairs officials on Sunday urged citizens to adhere to the laws of the destination countries.
For more information visit Dubai real estate
Subscribe to:
Posts (Atom)
