{"id":4794,"date":"2024-08-08T11:07:40","date_gmt":"2024-08-08T07:07:40","guid":{"rendered":"https:\/\/lovin.co\/sharjah\/en\/?p=4794"},"modified":"2024-08-08T11:07:40","modified_gmt":"2024-08-08T07:07:40","slug":"sharp-rent-hikes-for-homes-in-sharjah-for-new-leases","status":"publish","type":"post","link":"https:\/\/lovin.co\/sharjah\/en\/latest\/sharp-rent-hikes-for-homes-in-sharjah-for-new-leases\/","title":{"rendered":"Sharp Rent Hikes For Homes In Sharjah For New Leases!"},"content":{"rendered":"
Residents looking to rent mid- to upper-mid-range homes in Dubai and Sharjah face significant rent hikes on new leases. While Dubai has seen its biggest rent increases during lease renewals, Sharjah is experiencing sharp rises for new leases.<\/p>\n
In Dubai, the updated RERA Rental Index, effective since March, has driven up rental costs. However, the surprise comes from Sharjah, where rents surged dramatically between April and June. Popular neighborhoods such as Al Majaz, Al Nahda, and Al Qasimia have seen annual rent increases of 15%, 17%, and 14%, according to Asteco’s latest property market report.<\/p>\n
For instance, a two-bedroom apartment in Al Majaz now costs up to Dh60,000 annually. In Al Nahda, rents range from Dh25,000 to Dh50,000, while in Al Qasimia, they fall between Dh20,000 and Dh40,000.<\/p>\n
UAE residents renting in Sharjah thinking in Sharjah are probably like…<\/h2>\n