With rental yields at 10-12% and interest rates at 6.5% - why are expats renting?

Chucky
By Chucky
By haneef_aqua• 20 Jul 2008 07:52
Rating: 4/5
haneef_aqua

Expatriates consider a number of factors before making a leap to own a house:

Return on Investment

Maturity of Investment

Security Of Job (Continuity Estimation)

Legal Status/Priveleges

and many other factors.

I have recently come to Qatar from Dubai.I think Qatar has to take some drastic steps to make investor real comfortable like in Dubai.

By Chucky• 20 Jul 2008 07:23
Chucky

Thanks Rick. People are telling me that I could get a decent 3/4 bed villa in a compound for QR15 - you say yours is cheap at QR23k. Do you know of a decent website for rentals that shows actual pictures?

By Rick_Weber• 20 Jul 2008 06:05
Rating: 5/5
Rick_Weber

Limited opportunity to purchase

The Pearl and one or two other sites are available to expats, Pearl is expensive, but still worth a look, long term be ok but 1 bed starts around 1.5 to 1.8 Mill QR, I would invest that at home before doing it here. Build quality is suspect too, trades arent licenced here. When I turn on my sink tap water comes out of the tiles below. When it rains, my villa floods out, water gets down the walls and pools in the kitchen, glad it doesnt rain often.

I wanted to build / buy in Al Khor where I live, my rent is QR23k per month (cheap) average is 28 to 30k now and rising, ours is locked in for 2 years. Can not purchase here.

Better to invest in Soverign Wealth Funds, 5% to 7% p/month tax free, no maintenance man issues, no chasing rent

Hope this helps

Rick

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