Money and business

“Muwailih Commercial” topped the rental prices in Sharjah during the second quarter

Data prepared by the “Property Finder” real estate platform for “Emirates Today”, which monitored rents in Sharjah during the first half of this year, showed that there is a discrepancy in average rental prices between the first and second quarters in seven main areas in the emirate.

According to the data, varying declines were recorded in some regions, compared to stability or limited increases in other regions, which reflects the market’s continued rebalancing and positioning between supply and demand.

The list of the seven areas monitored included: “Al-Taawun”, “Al-Nahda”, “Muwailih”, “Al-Qasimia”, “Muwailih Commercial”, “Al-Khan”, and “Al-Majaz”.

The data showed that the average rental prices for the “studio” category in Sharjah in five areas under monitoring during the second quarter of 2026 amounted to about 29.17 thousand dirhams, compared to an average annual rent of 30.2 thousand in the first quarter of the same year, a decline of 3.41%.

The average rent for a one-bedroom apartment in the seven areas monitored, during the second quarter of this year, reached about 40.65 thousand dirhams, compared to 41.85 thousand dirhams at the end of last March, a decrease of about 2.86%, while the average rent for a two-bedroom apartment and a living room reached about 53.71 thousand dirhams, compared to 53.28 thousand dirhams, an increase of 0.8%, and the data revealed that the “Muwailih Commercial Area” Five areas included in the monitoring, during the second quarter, topped the average rental price for a residential unit in the “studio” category at 37.99 thousand dirhams annually, while “Muwaileh” was the lowest for this category at 22 thousand dirhams.

For its part, “Muwailih Commercial” topped seven areas in the category of one-bedroom residential units at 47 thousand dirhams annually, while “Al Qasimia” was the lowest priced at 33 thousand dirhams annually.

The data also showed that “Muwaileh Commercial” continued to lead seven regions in the second quarter of this year, in terms of the average annual rental price for two-bedroom residential units at 65 thousand dirhams annually, while “Al Qasimia” was the lowest price at 39 thousand dirhams annually.

In general, the data indicates that the rental market in Sharjah did not witness a general trend toward increase or decline, but rather was characterized by varying performance between regions and types of residential units.

While some areas experienced price corrections, other areas maintained their levels, while Al Nahda recorded limited growth in studio rents.

The comparison also shows that the declines were more pronounced in one-bedroom apartments compared to studios, which may reflect the difference in levels of demand and supply between the two categories during the second quarter of the year.

For his part, Chief Revenue Officer at Property Finder, Sherif Suleiman, said, “The rental market in Sharjah has shown mixed performance during the recent period, as price movement has become largely dependent on the region and the type of residential unit.”

Suleiman pointed out to Emirates Today that some neighborhoods witnessed pressures that led to a decline in rents, while other areas continued to record stable levels or slight increases supported by demand.

He explained that the areas overlooking the waterfront, especially Al Khan, were subject to pressures that were reflected in the rents of small units, while areas that attract workers and professionals, such as Al Nahda and Al Qasimia, recorded slight and stable increases in rents as a result of continued demand for them. He added that this disparity between neighborhoods is likely to continue during the second half of the year, pointing out that high-end residential complexes may witness a further decline in rents.

For his part, Chairman of the Board of Directors of On Plan Real Estate Company, Ahmed Al-Dawla, said, “Areas such as Muwailih and Muwailih Commercial are witnessing a state of clear stability in rents, especially in the studio, room, and hall categories,” explaining that the price differences between the first quarter and the second quarter are very limited, which reflects a general stability in the market during the recent period. Al-Dawla pointed out that the rental market in Sharjah is characterized by stability and strong performance, pointing out that “the market is not greatly affected by short-term changes.” Rather, it maintains a clear balance that makes it suitable for families in the first place.”

He explained that the price difference enhances the attractiveness of Sharjah as a stable residential destination, especially for families looking for a quiet environment and lower costs of living. He pointed out that areas such as Al Khan, Al Taawun and Al Majaz still maintain good levels of demand for two-bedroom apartments despite being among the old areas. He pointed out that “the increasing demand for this residential category reflects a change in the trends of real estate developers, who have become more focused on developing two-bedroom units in areas close to the waterfronts.”

The state pointed out that the internal areas, such as Al Nahda, Al Majaz and Al Taawun, are witnessing stability and a limited increase in rents for two-bedroom apartments, which confirms the continued stability of families in these areas and their high residential attractiveness within the emirate.

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