Qatar Real Estate Demand Solid

  • 16 years ago
  • Uncategorized
The demand for property in Qatar is expected to remain strong, according to a recently released report by DTX, an international real estate advisory firm. The office and residential markets have both experienced strong growth in recent years. That growth is expected to slow, but still remain strong.
Residential rents in Doha have increased an average of 30 percent per year, according to the report. Generally, rents range from QAR 13,500 for a 1 bedroom apartment to QAR 28,000 for a large duplex in a good location. Prices in The Pearl-Qatar have gone up by 85 percent over the past two years, as an example of what some sectors have seen in property demand.
Another one of the leaders in the real estate market has been the retail sector, and that is expected to remain strong, according the DTZ’s head of retail Andrew Goodwin: “The Qatar retail market outlook remains fundamentally sound with demand significantly outstripping supply over the short to medium term. As a result, vacancy rates will remain negligible and rental growth on new developments will remain positive.”
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