Same thing happened in Dubai. 6-months ago rents were sky high and landlords demanded a full year's rent payment in advance. In the past 3 months, rents are down 30%-40% and continue to drop as expats leave and another 30,000 new units come on the market this year. While I don't think Doha will have nearly the excess supply problems of Dubai, there seem to be many 1000's of new units coming onto the market in Doha over the next 3-6 months especially in West Bay and the Pearl. Rents will drop, no doubt about it.
Same thing happened in Dubai. 6-months ago rents were sky high and landlords demanded a full year's rent payment in advance. In the past 3 months, rents are down 30%-40% and continue to drop as expats leave and another 30,000 new units come on the market this year. While I don't think Doha will have nearly the excess supply problems of Dubai, there seem to be many 1000's of new units coming onto the market in Doha over the next 3-6 months especially in West Bay and the Pearl. Rents will drop, no doubt about it.