In an interview with The National, the Crown Prince of Fujairah, Sheikh Mohammad bin Hamad Al Sharqi, spoke about the impact of inflation and an increasing population on housing in Fujairah.
He said, “House prices in Fujairah have more than tripled in just over a year.”
“The same three-bedroom flat that cost Dh13,000 last year is now Dh50,000. It is too much,” Sheikh Mohammad said.
The article is at:
Rym Ghazal, Sheikh Seeks to Quickly Fix Power Woes, The National, 27 November 2008.
Dr Geoff Pound
Image: The Crown Prince of Fujairah, Sheikh Mohammad bin Hamad Al Sharqi.