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29 March 2024

Al Nahda rents begin to skyrocket... again

Al Nahda area of Sharjah. Photo by Chandra Balan

Published
By Sneha May Francis

Rents in the popular Al Nahda area that sits on the edge of Dubai, alongside Sharjah, is gaining popularity and many are relocating to this area to beat rent hikes in other parts of Dubai.

Apartments, on either side of the thin fence that runs behind Sahara Centre Mall are increasingly in demand.

Apart from affordable rents, the proximity to schools, hospitals and a variety of restaurants are added attractions.

Accessibility to Al Ittihad Road, Sheikh Mohammed Bin Zayed Road and Al Khail Road work in its favour.

When Emirates 24|7 spoke to a few real estate agents in both emirates, they confirmed the Al Nahda market is booming.

“Landlords are asking for what they want and people are willing to pay,” an agent in Al Nahda, Dubai, says.

“If a customer likes an apartment we ask them to take it immediately or else someone else might strike a better deal.”

On the Sharjah side of Al Nahda, the story is the same.

“The market is booming. It’s fast selling. Rents increase every day. Sometimes, landlords increase it by Dh1,000-2,000 within a week,” an agent added.

 Agreed another agent. “It is a very competitive market. The rents are increasing every day. Landlords are quoting whatever they feel like.”

Rents

In Al Nahda, Dubai, a 1BHK (bedroom, hall, kitchen) starts at Dh50,000 and goes up till Dh70,000, while in Sharjah, the same specifications will cost between Dh30,000-50,000.

A 2BHK in Dubai will cost between Dh60,000 and Dh100,000, while in Sharjah, the cost is Dh65,000.

A 3BHK in Dubai will cost between Dh90,000 and Dh100,000, while in Sharjah it will be up to 80,000.

All these new apartments, come with a range of amenities like gym, sauna and swimming pool.

Al Nahda: Sharjah or Dubai?

While the rents are lower on the Sharjah side, the flip side of moving across the border is the long delay in travel time due to peak-time traffic snarls heading into Dubai and the extra amount paid in Salik.

“Yes, the traffic is bad, but it’s only during rush hour. If people plan well then, Al Nahda in Sharjah is a good option to cross over to Dubai,” reasons a realty agent.

Also, Sharjah residents have to pay extra for parking. “Most landlords (in Sharjah) charge between Dh2,000 to Dh3,000 per year for one parking slot per apartment,” informed an agent.

Al Nahda Dubai also offers easier connectivity to Metro stations.