Villas in Sharjah have continued to snub the broader trend of retreating rents in the emirate’s residential rental market, recording an increase of 1.7% and taking the rate of growth to 0.4% during the last quarter of 2017, according to international real estate consultancy, Cluttons.

Cluttons’ newly released Sharjah Property Market Snapshot for Spring 2018, shows that over the last two years, Sharjah’s villa market has grown in both profile and popularity as the real estate market repositions itself with new and affordable options. This trend is helping retain the emirate’s appeal and attractiveness amongst those households that have been priced out of Dubai, or are seeking a more family oriented lifestyle.

Faisal Durrani, Head of Research at Cluttons commented, “With sudden turnaround in economic growth, or residential demand unlikely to increase during 2018, Cluttons expect rents will continue to moderate, with apartments likely to see corrections of 5% to 7% next year, while villa rents are expected to experience growth of between 1% to 2%. This makes Sharjah’s villa market the only property segment in the UAE to see sustained positive growth. This is likely to prompt further investment in the city’s nascent villa segment, which will no doubt help reshape Sharjah’s residential landscape.”

To read the full report, click here.

For further information, email Faisal Durrani, Head of Research at Cluttons via the contact details below.

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