Property Business Is Dead In Doha...???
Hi / Salam
Well i hope most of you know that property business is dead in doha... Bulk of empty flats & villas with almost no taker just because of high rents... Anyways rent comes down but only a small percentage ...Seems still high... also see the Ql rent section... You will find the demand from owner as same as 4/5 months back...
I was wondering that why property owners are not thinking about that? why they are not decreasing rents? Ok I admit that they dont wana see their 5000 Qr worth falt on rent for 3000 Qr or 2500 Qr but dont u guys think that something is batter than nothing...? i mean if they decrease the rent of falt worth 5000 into 3000 than they will find the immediate takers instead of waiting for years for takers to take thier property on rent for 5000/ 8000/ 10000 or so on ...??? or they want the Recession condition like in dubai ??? what you guys think? Any comment?
It's all about greediness, nothing else. The owner of the properties hoping that the rent will still high as last year. Hence if they let it out with lower rent, they afraid, if the rent goes to the sky again, they will facing problems to get rid of the old tenants out.
So, its all about greediness. Gov should really look into the biggest part of the population who could only afford for QR2500 - 3000/monthly rent.
the rent drop down but still higher than in other gcc countries like bahrain ,i was living in luxury f/f 3 beds flat paying 5000 in bahrain,now i`m paying 12000 for f/f 4 bed villa ,moving soon to u/f 3 beds villa i can`t see big deference still the rent is high and you guys are right government has to interfer and control the greedy people from taking our very hard earned money.
good luck for all.
Can't agree more. In this financial condition, you can bargain for better rate from any house owner
Cheer
if you carefully see the ads you will know its those bloody brokers to be blamed and not the owners. they take houses from owners and sell it at their wish. the small ones are still ready to bargain but the large ones dont. they are already generating revenue from other houses rented earlier and hence dont mind keeping their houses till they dont get their price.
the government must act on this and needs to get a rent control system in place.
To Joe_ooya
I have a small family (Wife & kid) here in doha and i was living in a fully furnished very small one bedroom flat for 5000 Qr / month and i spend their 6-months & believe me or not that building was with 12-flats and with only two takers ...One was me and another was an American...now i find a two bedroom flat for just 3500 which is semi-furnished with small hall also... and i left old one with just only one taker their...
Now Joe--ooya if you will use your mind which seems u dont have than you will got that point that why a buliding with 12-flats have only two flats on rent??? & why 10- flats remains empty even for 6-months i have spended their i saw just 2-flats on rent out of ten....???
JUST BECAUSE OF VERY HIGH RENT....
& if the owner give the buliding of just one bedroom flat on a reasonable rent then he will find quick takers & thats the point which i arise in my this thread...
you have a point but that is your thinking, taking into consideration how the bank loans need to be repaid in your country. Here i am told repayment will commence only once the premisis starts generating revenue even if a single appartment is rented out, and these owners wait for bulk booking, which i agree is a TALL DREAM with the prevaling conditions. Well my friend if you want a house for 3000 please get to that matter, hahahahah
You're damn right