rent
The Qatari capital has witnessed the highest growth in rentals among major cities in the GCC region, between November 2004 and November of last year. Rent for a two-bedroom apartment in Doha in 2006 averaged QR7,034.66 per month, which is almost three times of what prevails in Riyadh.
In a report on Qatar's real estate market, the Kuwait Financial Centre (Markaz) has estimated that Qatar will require approximately 250,000 housing units by 2010, while supply would be around 244,000 units. Expatriates would account for approximately 75 per cent (187,000 units) of the total housing units.
However, Markaz has forecast the current growth rates in the booming real estate market in Qatar to be sustainable.
The real estate growth has been supported by increasing disposable incomes and the opening up of the sector to foreigners to buy property. This had resulted in the demand-supply gap to widen in the last three years, with demand outstripping supply.
In a report on Qatar's real estate market, the Kuwait Financial Centre (Markaz) has estimated that Qatar will require approximately 250,000 housing units by 2010, while supply would be around 244,000 units. Expatriates would account for approximately 75 per cent (187,000 units) of the total housing units.
However, Markaz has forecast the current growth rates in the booming real estate market in Qatar to be sustainable.
The real estate growth has been supported by increasing disposable incomes and the opening up of the sector to foreigners to buy property. This had resulted in the demand-supply gap to widen in the last three years, with demand outstripping supply.
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