Apartment rents in Sharjah fell 5% 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.'

The National