To buy or not to buy property in Qatar
With the prices of real estate shooting through the roof in Doha, is it still good time to buy?
If one thinks of buying, is it better to buy in Pearl where there is ownership of the property or in other 18 areas in Doha where one gets the use of the property for a lease period of 99 years or one should build its own on a leased land?
Has the real estate prices peak reached?
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that's is one of the best places where you could put your investment whether real estate or another. There is no turning backward, everyday appreciating, it's really amazing. Doha, I am still some doubt, but it's alright if you have extra money to let go............
"dgoodrebel will always be the rebellious good one"
@abuamerican, you just answered the question yourself. You buy property in a market that is gaining not that is losing.
Bahrain, UAE, and Qatar are all markets with definate gain. Even if property value falls eventually, it will not fall below purchase price.
Of course if you are buying a home just for the sake of buying something and keeping for your lifetime, yes I'd go for the cheapest. (That's if I'm not thinking about profit).
All I know is that if I was an expat, and I had to spend 8k on a two bedroom apartment, I might as well put it towards a mortgage.
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I´ve been talking to a real state agent specificaly at the pearl, and what I am going to do is buy the land and build the house, in my opinion that is far much better...
"If you`re dreaming a love story let tears tell us about it"
yes indeed I have and have invested in a number of properties.
Last year people said the exact same thing you are saying.
Let's look at the lagoon for example, I bought it for 900k, it's worth over 1.8m I doubled my money in a year and a bit. Back then people were like 'no way'.
Look at the pearl, I bought a 1 bedroom for 1.2m around 8 months ago, it's now worth 1.8m (high floor).
Certain properties will definately increase at the end of the day.
Finally what you do is calculate your mortgage. If it comes to around the price of renting a place, why rent a place? Why not just pay towards owning your own home?
I would really love it though if you could find me a 2 bedroom apartment around 165Sqm in London for around 1.65m. I'm serious, I'll buy it straight away.
I bought an 80sqm two bedroom apartment which turned out to be mostly built out of plasterboard and it was in Colchester which is a tiny town one hour from London by train for 1.2m QR!
I sold it after two years for 1.62m it was hardly any profit at the end of the day but at least it came to me living in a free apartment at the end of the day.
Add to the fact that Dow Jones says that the quickest return in real estate comes out of Doha and Shanghai and you know you've got a good deal.
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I say there is at least 2 good years of good premium returns on property before it becomes a gradual increase.
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