The Cluttons Property Market Snapshot, Sharjah Winter 2015/16 gives insight into the trends and updates of the Sharjah property market in Q4 2015 and what to expect for the coming year.
The report says that the fall in rents are attributed to rising supply levels across many areas of Sharjah, coupled with an increase in the number of options perceived to offer better value for money in Ajman and Dubai, which have undermined rents.
Villa demand remains strong however, with rents rising 4.1 per cent this year and more developers focusing on this segment of the market with ongoing and newer projects, like the Sharjah Waterfront City to be completed in late 2018.
Office rents have remained flat while the Government of Sharjah has continued its economic diversification efforts by promoting the emirate as a hub for regional and international SMEs through its trade show programme.
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