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Experts believe timely efforts in preparing a large number of hotels and public facilities in anticipation of a sudden increase in accommodation demand during the 2022 FIFA World Cup in Qatar would ensure that its impact on rents would be minimal.
Tribune News Network
Doha
Abdul Rahman Al-Najjar, CEO of Kate Real Estate Group, confirmed the stability of rental prices in Qatar during the past few months.
In an interview with Qatar TV, he said that the stability of rental prices for nearly a year supports the stability of the real estate market in the country, noting that the real estate developer, real estate seller, investor and banks all support stability away from sudden waves of rises and falls.
Al-Najjar added that there were increases during the last period in some areas estimated at about 20 percent and did not decrease, although the indicators indicated a decrease in rents, noting that the intensity of demand, in addition to the contracts concluded by the state with real estate owners for use during the World Cup events, is one of the main reasons for the stability of the market in the current period.
Over the past months, residential rental prices in Qatar have witnessed a decrease in some areas, as real estate experts confirm that prices will go through a phase of stability in the coming period, which will continue until Qatar hosts the FIFA World Cup at the end of next year 2022.
Indicators of the real estate market movement from a year ago to now indicate more supply than demand in the real estate market, and equal demand for the type of real estate (administrative - household) to equal the rental value of the two types, bearing in mind that previously there was an increase in the value of the type of administrative real estate over residential.
Official data indicate an increase in real estate transactions during 2020, in addition to the rapid recovery of the market from the effects of the coronavirus pandemic.
As for the approaching 2022 FIFA World Cup, experts and real estate marketers believe timely efforts in preparing a large number of hotels and public facilities in anticipation of a sudden increase in accommodation demand would ensure that the sporting spectacle's impact on rents in Qatar would be minimal.
According to official data, the value of real estate transactions in Qatar, during the past year, exceeded QR31 billion ($ 8.5 billion), recording a growth of 36.2% on an annual basis, to reflect the growth in the values of real estate transactions, and investors' demand for the real estate sector as a safe investment.
Tribune News Network
Doha
Abdul Rahman Al-Najjar, CEO of Kate Real Estate Group, confirmed the stability of rental prices in Qatar during the past few months.
In an interview with Qatar TV, he said that the stability of rental prices for nearly a year supports the stability of the real estate market in the country, noting that the real estate developer, real estate seller, investor and banks all support stability away from sudden waves of rises and falls.
Al-Najjar added that there were increases during the last period in some areas estimated at about 20 percent and did not decrease, although the indicators indicated a decrease in rents, noting that the intensity of demand, in addition to the contracts concluded by the state with real estate owners for use during the World Cup events, is one of the main reasons for the stability of the market in the current period.
Over the past months, residential rental prices in Qatar have witnessed a decrease in some areas, as real estate experts confirm that prices will go through a phase of stability in the coming period, which will continue until Qatar hosts the FIFA World Cup at the end of next year 2022.
Indicators of the real estate market movement from a year ago to now indicate more supply than demand in the real estate market, and equal demand for the type of real estate (administrative - household) to equal the rental value of the two types, bearing in mind that previously there was an increase in the value of the type of administrative real estate over residential.
Official data indicate an increase in real estate transactions during 2020, in addition to the rapid recovery of the market from the effects of the coronavirus pandemic.
As for the approaching 2022 FIFA World Cup, experts and real estate marketers believe timely efforts in preparing a large number of hotels and public facilities in anticipation of a sudden increase in accommodation demand would ensure that the sporting spectacle's impact on rents in Qatar would be minimal.
According to official data, the value of real estate transactions in Qatar, during the past year, exceeded QR31 billion ($ 8.5 billion), recording a growth of 36.2% on an annual basis, to reflect the growth in the values of real estate transactions, and investors' demand for the real estate sector as a safe investment.
