Current Freehold Property Prices
Just wanted to know what people on this forum think of the current property (freehold) prices in Qatar (the Pearl, zigzag etc.) Do you think they are overpriced? Or is this the time to buy, since prices are on their way up? From past threads i know that there are some folks who have purchased some time back. Has anyone bought any property recently and if so, please share your views.
The Pearl has some projects over priced. (It's not one project, the pearl is the island and there are independant projects on them)
Zig Zag is quite well priced. Especially if you compare the size and profit making potential.
Prices just go up, if you wait one year, they'll be higher and still going up.
It's only a matter of time before any property bubble bursts, however when, nobody knows.
I bought an apartment in the zig zag a year and a half ago and made 1m profit. I bought ANOTHER one 3 months ago at 1.65m and it's now evaluated at 2.3m
The property is STILL competitively priced. It's just that there aren't enough projects if you ask me.
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Mr. Q's Blog - A Qatari's view on Qatar.