Apartment rents in Sharjah fell 5 per cent in the fourth quarter last year from the previous quarter, as improved demand slowed a price decline, the property services firm Asteco said yesterday.
There were minimal changes for villa rents in the fourth quarter, the property services firm said.
"Smaller units have shown signs of increased interest due to demand from young families and a lower price point," the report said.
"Villa developments currently under construction in the neighbouring emirates are likely to have a downward effect on rental rates once they are completed."
Rents in Sharjah, the country's third-largest emirate, and the northern emirates of Ajman and Ras al Khaimah, fell 26 per cent, 25 per cent and 17 per cent, respectively, last year.
Values in Umm al Qaiwain declined 15 per cent. Rents there remain the cheapest of the northern emirates, Asteco said, adding that values in Fujairah, another northern emirate, suffered the least with rents declining 10 per cent on average.
Residential rentals in Abu Dhabi fell marginally in the last quarter due to increased supply, Asteco said this month.
Rental rates for apartments in Dubai eased 2 per cent from the third quarter and villas 1 per cent, with average declines of 24 per cent and 18 per cent, respectively, over the course of last year.
Rents in Dubai were expected to fall 10 per cent this year, remain flat next year and rise 5 per cent in 2012, a Reuters poll showed this month.
Those in Abu Dhabi were expected to fall 15 per cent this year and a further 5 per cent next year, then rise 5 per cent in 2012.
* Reuters
The biog
Favourite food: Fish and seafood
Favourite hobby: Socialising with friends
Favourite quote: You only get out what you put in!
Favourite country to visit: Italy
Favourite film: Lock Stock and Two Smoking Barrels.
Family: We all have one!
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Moral education needed in a 'rapidly changing world'
Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.
Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.
"Moral education touches on every aspect and subject that children engage in.
"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.
"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."
On racial profiling at airports
What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
RESULTS
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COMPANY%20PROFILE%20
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Company%20Profile
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
MATCH INFO
Inter Milan 2 (Vecino 65', Barella 83')
Verona 1 (Verre 19' pen)
Sui Dhaaga: Made in India
Director: Sharat Katariya
Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav
3.5/5
LIVING IN...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
'Falling%20for%20Christmas'
%3Cp%3EDirector%3A%20Janeen%20Damian%3Cbr%3E%3Cbr%3EStars%3A%20Lindsay%20Lohan%2C%20Chord%20Overstreet%2C%20Jack%20Wagner%2C%20Aliana%20Lohan%3Cbr%3E%3Cbr%3ERating%3A%201%2F5%3C%2Fp%3E%0A
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
COMPANY%20PROFILE
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