Housing Rents Decreasing
By shansameer •
Seems like house rents are reduced and the process seems continuous.
Any further news of rents ?
Seems like house rents are reduced and the process seems continuous.
Any further news of rents ?
Can you post the statistics about:
Net increase/decrease in population due to migration;
Number of vacant dwellings;
Rate of growth in the real estate market.
I read this report ( http://www.onlineqatar.com/property/624-Qatar-rental-market-may-be-hit-due-to-excess-supplies.htm ) and it seems to be saying that:
** Qatar's population continues to fall, down from 1.9 to 1.6 million
** There are approximately 15,000 unoccupied apartments, with no takers. No figure is given for the number of empty villas
** Commercial real estate prices have dropped by about 40%
If the population continues to drop, and landlords continue to construct more (empty) towers and compounds, I find it hard to accept that rents won't keep dropping further, as is the case in Dubai.
This projections is still incomplete coz it didnt consider the statistics on the number of expats coming to Qatar daily and its rate of increase which is also rapid. Meaning to say, the ratio of the number of villas/flats to the number of expats coming to Doha is proportionally consistent.
I doubt, the rent will decrease. Besides, these Qataris are rich, then dont bother whether or not there are occupants in their villas/flats.
sign a long contract! rents are diving downwards....
And it is not going to stop for a long while,,,I think that Doha is going to revert to the nice city it was 5 years ago.
a contract if you are only signing during these times on a short-term period as you may find that the same unit you signed for now will be 30 % less after 6 months. This gives you also another bargaining power for renewal if you happen to love the unit and choose to stay after the end of the contract.
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yes, they already left from here, may be two months before............
ANYBODY KNOW ABOUT "DOHAGATE INTERNATIONAL " REAL ESTATE AGENT ????? IS IT TRUE THEY LEFT COUNTRY WITH BIG BOOTTY
I wish the rent will go down to where we started 1987 at 1200 Qatari Riyals for 3 bedrooms and 3 months free.
Is there a good (easily searchable) listing? I will be in the market for an apartment in the next few weeks, and I have looked in the QL classifieds, but it is very difficulr to navigate.
I thought one should capilize on this downturn in pricing...
I don't have an ounce of sympathy.
The unbridled GREED I have seen over the past 5 years is disgusting. Anybody could see they were not acting in the economic interests of the country and greater good.
I didn't drink the kool-aid! -- PM
Drive almost anywhere in Doha and every street you'll find an empty compound or empty apartment building.
Landlords are in for a rough time over the next few years.
on the Pearl because they said rents had dropped to below the 15,000 they are currently paying for a flat in the Al-Mana Towers.
I didn't drink the kool-aid! -- PM
English only in main forum,.. thanks..
sa tingin nyo... ang qatar ba ay parang dubai din?
gusto ko din sana makarating jan....
because dreams keep us all earthlings move on. i do believe in dreams- that as long as you hold on to your dreams with persistence, what you are always yearning for will come true.
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Welcome to Qatar!
A Land for Dreamers!!!
lol
My Rig:
Intel Core i7 at 3.33Mhz
6GB Kingston RAM
1 TB Barracuda Seagate HDD
Nvidia 9800 GT 1GB GDDR3
32" Samsung Monitor
can be available in the Pearl next year.... dreamming...LOL
Glitterfy.com - Glitter Graphics
Landlords are losing their grips
"There's nothing we can do to change the past, if it teaches you a lesson profit from it then, forget it."
I am sure this is true, but any of teh upmarket properties are still holding price (from what I see).
let it go down to rock bottom
so people will start spending on shopping, restaurants and other activities
Rental market prices in Qatar are in for a battering over the next two years due to an oversupply of accommodation, a leading real estate investment expert has said.
Nasser Mohamed Al Mansoory, CEO of listed-company Qatar Oman Investment Company said there were currently 15,000 apartments ready for occupancy across Doha with no takers.
And with many housing projects in and around the city which are coming up and expected to be ready for uptake by next year, the situation is set to get worse, he told The Peninsula in comments published on Monday.
He told the paper: “I wouldn’t be surprised if over the next two years (by 2010-11) you see the rents in Doha back to their previous levels to QR1,200 ($330) and QR1,400 monthly.”
Already, two-bedroom apartments whose going rates were QR8,000 not too long ago, are now available for QR5,000, he said.
“See the newspapers. Their classifieds are full of ads for all categories of vacant houses day in and day out, clearly signaling that supplies far exceed demand,” he added.
He claimed the population of the country had fallen from 1.9 million to around 1.6 million.
“These are the latest figures. So, with so many people having left, where do you think the demand is going to come from,” said Al Mansoory.
He said there was a similar situation with office space with supplies outstripping demand.