The Pearl - To Buy or not to buy....

As an owner who is just now getting hit with additional costs of over QR129,000 over and above my QR2.4Mn apartment cost, I would advise you to buy nothing off the plan at the Pearl.

Do a quick search and type in First Qatar and feel the joy at being a home owner.

"who and how will pay for the artificial world we're living in today?

the water is sea water dessalinisated (costs)

the electricity is non renewable (costs)

ACs, imported food, monopolies...

now the satte cover much of the costs. it has the mean.

will it in 40-50 years ahead?"

Voalkswagon, QSTP, QFC, Barclays, Sainsbury, EADS, etc will ;).

it might be a good place to stay temporarily but not to settle in for life..

***Strata Laws**

" Winning is not everything, it is the only thing. Second place goes to the first loser " - J.Johnson

- Your general forecast/vision for Qatar Real Estate, stability.

The real estate market is going to be worse than in Dubai. The reason to it is that there is too much development without the focus on end user and developers do not mind waiting rather than correcting prices of their properties.

- Your opinion about owning in Qatar.

It is not the time to invest money in property because there is only talk about prices going down but no body is selling at lower prices everybody is holding on to the prices.

- Your view on The Pearl as a project.

Pearl Qatar does not offer the look, feel or deal other international projects have to offer. The price for flats is way beyond the roof. Mortgages also have become too expensive even though the banks have been taken care off.

- Your indication of acceptable price p/sqm.

UDC is selling flats for Porto arabia at 22000 Qar, Qanat Quartier at 26000 Qar and Viva Bahriya at 27000 Qar, correct me if i am wrong.

Every developer has to understand that flats are for Middle Income Group People who are going to buy a mortgage to own a flat. At the present situation they should consider a overall cost of acquiring the property, V/s the long term appreciation of the property.

why not nuclear energy?

it has become a very "greener" energy source since 1990s nuclear toxic wastes management reduced the toxic waste to less than 3% by recycle.

more than 60% of france electricity comes from nuclear energy. and today they have around 700 eolianne or wind generating electricity, the rest is hydroelectric energy.

the ukraine-russia crisis and the cut in oil supply to europe of russian oil via ukraine did little damage to france, huge one on germany.

They not only have the Sun ...but also wind and a very good flat terrain.....to harness Free-Energy.

instead of buildings. u have the sun, u have the empty spases, and the money to lunch the project (logicaly and man pwer and brain power)

france now is looking for a desert to do it! algeria said no to renting it's desert (just propaganda i think they will agree after the leaders get their share)

Qatar should do it!

the solar energy, instead of heating up the country, will be turned to electricity.

The main thing is that, even though the qatari do not have the know how (savoir faire), they must require the TECHNOLOGY TRANSFER. thus they get the project, and they aquire the know how to do another one and even might improve it.

instead of buildings. u have the sun, u have the empty spases, and the money to lunch the project (logicaly and man pwer and brain power)

france now is looking for a desert to do it! algeria said no to renting it's desert (just propaganda i think they will agree after the leaders get their share)

Qatar should do it!

the solar energy, instead of heating up the country, will be turned to electricity.

The main thing is that, even though the qatari do not have the know how (savoir faire), they must require the TECHNOLOGY TRANSFER. thus they get the project, and they aquire the know how to do another one and even might improve it.

Only one question to all who've invested in real estate in the middle east...what is to stop the govt. from one day turning around & saying "expats out"...or more specifically,you get caught up in something,get on the wrong side of the law & choose to get deported rather than serve a jail term,which means you can never enter the country again,what happens to your slice of heaven then?...i ain't no property analyst,but common sense indicates that investing in property in a country that actually has a democratically elected government(as oppossed to a monarchy) might be a good start?...

who can enjoy the watrer canal, the gardens, the open air but 2-3 months a year?

remember: ur selling stone build in the desert.

when oil or gaz will be exhausted, who and how will pay for the artificial world we're living in today?

the water is sea water dessalinisated (costs)

the electricity is non renewable (costs)

ACs, imported food, monopolies...

now the satte cover much of the costs. it has the mean.

will it in 40-50 years ahead?

Investing in Qatar properties are good idea provided, the quality of the project. In the early stages of Pearl, there were questions about the integrity of the land developments.Try to investigate before buying. Invest your excess money only. Dont put major part of your hard earnings here. As you are aware of the global warming, which is a great TREAT to beach projects like The Pearl, Pam Islands like... The sea will play in different roles in the comming years as per the observations and studies.

Prices were very high last year. Hope it has come down.

All the best.

FACE YOUR FEARS LIVE YOUR DREAMS

hmmm point @Stone COLD

Buying property is also an investments. Buy it cheap now and sell it dearer in future for a profit. Buy it now in time of recession and sell it when price is up

FACE YOUR FEARS LIVE YOUR DREAMS

well the prices will surely fall as ppl are not gona buy such high rent falts.also they cant buy if they want

This wil effect prices of pearl falts also:s.i thnk so

cause not too many rich ppl are here in qatar to buy all the pearl flats :s

For myself, I wouldn't buy anywhere in the GCC. It has only been in the last 5 years expats were allowed to purchase - what is given can be taken away, and investors will have little legal recourse - especially if they can't stay in the country to fight it out in the courts.

Another point, how many building do you see in Qatar that are 10 years old, 15 years old, 20 years old, etc.? An add on question, on those older buildings, how many are in good repair/maintained to a quality standard/have been renovated to reflect upgrades in electricity/plumbing/AC etc.?

In many other countries, people have worked to build and maintain and renovate their homes/buildings in order to keep them up to date and safe - that doesn't happen here often. As a flat owner in any one of the projects, will you be able to keep your investment at the same value at which you purchased for the next 20/30 years?

Most of the Qataris I talk to think that a house is "old" if it is more than 10 years old - they're always surprised to learn that my wooden house in North America was built in the 1920s and is very comfortable.

Signature line > "You can't fix stupid"

good bridge in Brooklyn I can sell you,,its has a great price!!

:)

I think any reasonable, cautionary consultant would advise you to be extremely careful in investing in real property in these parts.

I am told that there is absolutely no transparency in the transaction.

Jack, I quote my friend today. And I think he is right.

"The uniqueness of The Pearl, demands The Pearl to be successful. If the Pearl fails, Qatar fails"

I objected in the first instance by asking what will happen if more real estate projects can be sold under the same conditions, as Qatari owners may want to push for this due to a plummeting market. Yet, I think he has a point.

God knows how they will fill up the Al Wa'ab area, Lusail and all those other compounds that are being build.

Harmagedōn....the funny thing is that Qatar Cool is working on almost the entire new Residential projects comming up in Doha like the "Heart of Doha" etc...

After the Qatar Cool's Pearl Fiasco, Investors will be really hesitant to invest in wherever QC is putting up their logo.

The authorities have to do something.....before this company by itself ruins any chance, in this recession hit market, for the realestate to stabilise itself.

Qatarcool, these are the funny buggers that tripled their quotations. If they can not stick to their commitment, this will be horrible for consumer confidence and will create humongous hesitation. I believe shareholders should solve this problem by compensating the difference.

I think you should be asking this to Qatar cool.

What is the going price now at the pearl?

With all the mask-out it's risky to buy now until you're sure the prices are stable.. My opinion.