Dubai – dubizzle Property, the UAE’s biggest and most visited Property platform, reveals its second Northern Emirates report, comparing price trends from Q4 2016 to Q4 2017.

With close to 90K daily visits and around 200K live listings at any given time to dubizzle Property, the platform shares insights into the rental and sale market in Sharjah and Ajman. Considering the increasing popularity of the property scene in the Northern Emirates, the report provides a transparent view of the market in order to empower consumers to make more well-informed decisions.

Sharjah

Al Mamzar witnessed the largest increase in sale price per sqft by 14%, now standing at AED 591, followed by Al Khan with a 6% increase with prices also averaging at AED 550 per sqft. These were the only areas that experienced an increase in price per sqft in Sharjah, with other coastal areas experiencing a decrease in sale price, including Al Majaz (-4%) and Al Qasba (-15%).

“Northern Emirates are still deemed as the most affordable cities in the UAE - where fluctuations in sale prices are a result of several factors, including a change in the law in 2014 that allows non-Arab expatriates to purchase property in Sharjah,” commented Ann Boothello, Property Expert, dubizzle Property.

When analyzing rental prices, a decrease in average prices was recorded across key areas. Bu Tina experienced the biggest drop (17%), followed by Al Nabba (10%), Al Nahda (9%), Al Qasima (9%) and Al Ghuwair (9%). 3BR properties for rent in Bu Tina experienced the largest decrease in rental price by (-44%).

Ajman

The property sale prices in Ajman showcased different trends, with many areas experiencing an increase in price per sqft. Helio recorded an increase in sale prices per sqft (11%), followed by Al Rumailah (5%) and Al Rashidya (3%). Ajman Industrial area experienced the largest drop in sale price per sqft by (-22%), standing at AED 367, followed by Al Jurf (-19%) and Mushairef (-17%). The most affordable area to purchase a property in Ajman is Emirates City, with property prices averaging at AED 262 per sqft.

When looking at the most popular areas amongst dubizzle users for apartments, Al Rashidya, Al Rumailah, Mushairef and Emirates City were amongst the top areas for both sale and rent.

Rental prices in Ajman showed similar trends to those in Sharjah, with an average decrease across the key areas. Al Rawada 2 experienced the biggest decline (12%), followed by Al Rawada 1 and Ajman Industrial Area (11%), and Emirates City and Al Helio (10%). The largest decrease was witnessed in 2BR in Al Rawada 1 (-33%).

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About

dubizzle is the leading classifieds platform for users in the United Arab Emirates. Since its launch in 2005, dubizzle has become the number one platform for users to buy, sell, or find anything in their community. A community where underused goods are redistributed to fill a new need, and become wanted again, where non-product assets such as space, skills and money are exchanged and traded in new ways that don’t always require centralized institutions or ‘middlemen’.

dubizzle is an OLX Group company:

The OLX Group operates a network of online trading platforms in over 40 countries. It builds market-leading classifieds marketplaces that empower millions of people to buy, sell and create prosperity in local communities.

With over 300 million monthly users worldwide, OLX Group makes it fast and easy to buy and sell almost anything online, such as household goods, phones, cars, and houses. Through consumer brands including Avito, dubizzle, letgo, OLX, Stradia and Storia, more than 10 million things are exchanged on its market-leading apps and platforms every single month.

The OLX Group is powered by a team of 4,000 people, operating from 25+ offices across five continents. The team is united behind a single mission to enhance people's lives by facilitating win-win exchanges. OLX Arabia is actively expanding in the MENA region in Bahrain, Egypt, Kuwait, Lebanon, Oman, Qatar and Saudi Arabia.

© Press Release 2018