Akhila Nambiar shares a one-bedroom apartment in Sharjah's Al Nahda area with her mother, Seema. All pictures by 
Ruel Pableo for The National

My Sharjah Rent: Dubai commuter finds Dh32,000 Sharjah home a bargain



My Sharjah Rent takes you inside a reader's home to have a look at what they get for their money, how much they pay in rent and asks them what they like and don't like

Akhila Nambiar, 28, works in Dubai but has lived in Sharjah her entire life. The 28-year-old Indian, who works in the PR sector, has no plans to move anytime soon, not least because of the affordability of living in Sharjah compared with Dubai.

Watching so many people move from Dubai to Sharjah in recent months has made her even more certain she has made the right choice to stay where she is. Ms Nambiar pays Dh32,000 ($8,700) a year in rent for the one-bedroom apartment she shares with her mother.

She invited The National for a tour of her home to show us why it is so special to her.

Why did you choose to live here?

Sharjah has always been convenient for me, as I grew up here, but one of the main factors is still the cost of rent. We used to live in the Abu Shagara area and were paying a lot more. However, we moved here to Al Nahda a few years ago and not only is it cheaper, the commute time to Dubai is significantly reduced as well. Getting to and from work is so convenient, between public transport and the private bus companies.

It used to take me two hours to get home from work when I lived in Abu Shagara, now I can be home in just over one hour. It makes a huge difference to save up to an hour per journey. There are all kinds of supermarkets right here, like Lulu and Nesto, then you have so many beauty parlours, as well as doctors. Everything is super-close and there is a family feeling here in the community. There's a gym in the building and a wellness centre right underneath too.

How have you made the place feel like home?

Obviously, we furnished the apartment the way we like it. One of the main ways we did that was place plants around the house, my mum collects them as a hobby. We only really made small changes and didn't do anything to the physical structure of the property. But we did other things like hang our photos on the wall.

You've lived in Sharjah all your life, what changes have you noticed in that time?

Recently there has been a huge amount of people leaving Dubai to move to Sharjah, because of the cost of rent there. It's really evident during rush hour with the amount of traffic travelling back home from Dubai. There are apartment buildings here with signs outside saying there are no vacant flats available, demand is so high.

The cost of living is another factor for people choosing to live here. There's a difference in prices, especially in supermarkets, with groceries being cheaper on the whole here.

Do you have a good relationship with your neighbours?

Yes we do, actually. All the neighbours are super-friendly – and that's not just the people next door to us, it's the same across all the floors in the building.

Is there anything you would change about where you live if you could?

I am quite happy with the place that I am living in right now. The only thing I would change is not something that's in my hands, though. The level of traffic would be the main thing.

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Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Updated: December 29, 2024, 5:48 AM