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Dubai rental rates find echo in Sharjah and Ajman

Posted: Monday, August 22, 2011
People from Sharjah and even Ajman are moving to Dubai in a big way as rents in the emirate become increasingly attractive, analysts say. They point out that as rents continue to fall in Dubai, Sharjah and Ajman have seen rents fall by a massive 21 per cent and 28 per cent respectively, as residents take advantage of Dubai's rock bottom prices. But it is not just cheap rents in Dubai that are doing the trick, explained Matthew Green, head of research and consultancy at CB Richard Ellis. Quality is a big factor too, he explained, suggesting a dearth of up-market properties in the northern emirates is behind residents' exodus to Dubai. "The quality [of accommodation] in Dubai is typically superior to product in the northern emirates," he said. Full article and source: http://gulfnews.com/business/property/gulf/dubai-rental-rates-find-echo-in-sharjah-and-ajman-1.852068
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