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Real Estate in Qatar

  • Growing land prices in Qatar push rents up by 30%

    QATAR, 2014/01/04 With Qatar's real estate market witnessing a steady increase in the land price, rentals have gone up something between 20 % and 30 % this year, compared to the previous year. The pressure on land prices had its bearing on the rentals mainly during the second half of this year. The spurt in the rentals is mainly because of the sharp increase in price of lands. The hike in the land values were initially recorded in Central Doha, which subsequently stretched out to in and around Doha City, Al Arab reported quoting market players as saying. Ali Isahaq, a leading appraiser, attributed the brisk land deals to the easy availability of loans in the country. The rise in the land prices and the rentals show that Qatar's real estate sector has really picked up, next a brief lull, he noted.

  • Qatar's commercial real estate sector witnessed a significant revival this year.

    QATAR, 2014/01/04 Qatar's commercial real estate sector witnessed a significant revival this year. The vacancy rates dropped to 10 % in the much sought-next Diplomatic District reflecting net take-ups of prime office accommodation, which grew at 2.5 times the five-year average during the initial nine months of 2013. The majority of prime retail mall space is fully occupied and headline rental rates have held steady in 2013. But with numerous shopping malls under construction, the supply of retail space is expected to any minute at this time increase, and this has curbed rising rents, Qatar's updated Economic Outlook noted. The real estate market has exhibited upward price momentum for over three years, following the setbacks associated with the world financial crisis.

  • 900 warehouse plots to be allotted soon in Doha

    QATAR, 2014/01/04 The Ministry of Municipality and Urban Planning has announced that it will soon begin allotting plots of land in the New Industrial Area for warehousing purposes.  Business circles that have long been battling a severe shortage of warehousing facilities amid rising imports and a booming economy have welcomed the move. "It (the ministry's land allotment move) will take care of the trade and industry's immediate needs for warehousing facilities," real estate expert, Khalifa Al Muslemani said. Each plot will admeasure 1,000 square meters and those who are leased plots will be allowed to build warehouses for the purpose for which they have applied. Some 900 such plots will be allotted to those eligible in a "transparent manner on first-come-first-served basis", a ministry official in charge of the allotment process said.

  • Italian firms to vie for infrastructure contracts

    ITALY, 2013/05/26 The international market leaders in the real estate sector, investors, investment managers, architects, local authorities and government representatives will be arriving in Doha on Monday for the Cityscape Qatar 2013 real estate summit. The three-day event under the patronage of Qatar's prime minister and foreign minister, Sheikh Hamad bin Jassem bin Jabor Al Thani, will showcase both local and international real estate projects.
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