Qatar rentals 'may rise 10pc annually until 2022'
Doha, August 11, 2014
Qatar’s rentals are expected to grow at an average rate of 10 per cent until 2022, with land values and construction costs increasing steadily in the country, a report said.
The rents of commercial space and residential units are expected to witness significant growth in the coming few months, said the Peninsula report.
With changing market dynamics in Qatar’s real estate sector, rents are not fixed solely on the demand-supply situation, but increasingly on the basis of land value and construction costs, it said.
The construction costs have increased about 20 to 30 per cent over the past year, while rents for brand new residential and commercial units have gone up 25 to 50 per cent in some most sought-after locations, due to the hike in costs, it said.