Here is one thing that majority of UAE residents want across the emirate: Renting an apartment for less than Dh1,000 a month.
The second quarter 2016 report by Land Sterling, a property consultancy, reveals average annual rent for studio apartments in Fujairah range from Dh11,000 (Dh917 a month) to Dh22,000 (Dh1833), making it the cheapest in the country.
The report, however, mentions that rentals have gone up for studios in the emirate by 6.5 per cent in the second quarter compared to the first quarter 2016.
Studio rentals in Ajman remained stable, with rates starting from Dh18,000 per year, rising to Dh28,000 per year.
In Ras Al Khaimah, rentals for studio range from Dh18,000 to Dh30,000 a year, with rates increasing 4.3 per cent quarter-on-quarter.
A studio unit can be leased in Umm Al Quwain for Dh15,000 to Dh18,000 a year. The rates have jumped by 10 per cent, according to the report.
On Wednesday, Emirates 24|7 reported based on Land Sterling report that average rent for studio units in Sharjah had gone up by 4.2 per cent with annual rents from Dh18,000 to Dh32,000 a year.
In February 2016, Asteco, a real estate consultancy, reported that rents across most of the Northern Emirates had declined slightly during 2015 with the exception of Fujairah.
|Media outlet||Emirates 24/7 Online|
|Country||United Arab Emirates|
|Cover Page||M C|