Ancient city emerges as haven from Dubai

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DUBAI: With an increasing number of expats saying they’re being pushed out of Dubai due to soaring rents, a 7,000-year-old city is looking to offer a nearby haven.

For instance, he said, a one bedroom apartment that leases for 60,000 dirhams a year would be considered the top of the market in Sharjah but that sum wouldn’t get a tenant a studio in many parts of Dubai.

Indian buyers now make up about 29% of home sales in Arada’s developments in Sharjah, up from 8.7% just a few years ago, according to data provided by the firm.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaGermanyIndiaSaudi ArabiaUnited Arab EmiratesUnited Kingdom

Topics: /Business/Business News Sharjah Dubai Property Property Developer Affordable housing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 00:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 995 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22811821

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 50 posts per day

Year Established: 1971

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News Last Updated: 43 minutes ago

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