Single expats enjoy increased housing options in Qatar
Single expatriates in Qatar can expect more housing options as some real estate agents seem willing to offer them flats vacated by families, it is learnt.
Gulf Times reports that as some middle-income expatriates have reportedly left the country or are planning to send their families back home, flats occupied by them - or targeted at such residents - are expected to lie vacant in the coming days, say real estate industry insiders.
To cope with the emerging situation, realty agents and property owners may be compelled to consider offering such vacant flats to single expatriates, according to a real estate professional whose firm has mostly catered to families until now.
He said many of his long-time customers were vacating their family accommodation and asking for smaller residential units instead at lower rents. "This is owing to job uncertainties," he added.
Some expatriates with job-related concerns are also reportedly waiting for the current academic year to end before they can send their children back to their native countries.
It is found that the owners of some buildings in the city, where it was difficult for single expatriates to hire apartments until recently, are now willing to have them as tenants in view of the emerging situation.
"While such landlords or their representatives would not respond to any queries from bachelors earlier, they are now showing interest in giving their properties to such groups of expatriates on rent," said an official of a real estate firm.
Sources told that some of the flats vacated by single expatriates in the wake of rightsizing by companies were still lying vacant as the owners were unable to get new tenants.
Meanwhile, expatriates are hopeful that the trend may lead to a drop in rents. "We really hope that the rents come down," said one of them.
Qatar Real estate is already over priced by 30-40% in comparison to quality of Construction. Prices regardless of Boom or no Boom should represent quality of housing and area, not only need. I hope rental go down so atleast the remaining middle class left in companies can survive better.
Lets stop wasting, but rather start contributing!
With this low oil price which is likely to stay until the end of 2017. Qatar seems to be the first county to face the same case which Dubai face in 2008.
Lets hope for the best.
Peace and blessing for all
Yea britey, Qatar is no longer the idyllic resort it used to be...even my Emporium had stopped serving Idli with chutney....:(
mohsdata: The infrastructure will be complete by then and should suffice for another 15 years easy.
As for other aspects; change is inevitable. Qatar is no longer the idyllic resort it used to be
I feel, or hope rather, that once the world cup is over, all aspects of Qatar life will stabilise; even if not to how it was earlier, to a more normal scene like most other countries...
This is normal. Good times are over. Qatar is facing reality and tightening its belt - rightly so.
Midle income expatriates are leaving because of resizing in companies
Zackm Sir,
its just something that was expected.
and population too....
there would be dogs on express ways than :o) just imagine
I don't understand aamir's comments about Brity...You mean he is a psychic, being able to predict the unexpected!
And soon the salaries will also drop.
@ britexpat - you must be a woman.
first the drop of car prices and now as expected real estate.
What begins ?
AND SO IT BEGINS
brit, it still there
Nice message for them ...........................
I thought that there was resistance to "mixing" singles and families in residential buildings...