A total of 500 residential units have been added to Qatar's real estate market in the second quarter of 2017, said a report.

This brings the country's total supply of housing units to 281,500 units, reported The Gulf Times.

Approximately 80 per cent of the expected supply during the quarter has been pushed to second half of the year, stated the report citing the consulting firm ValuStrat.

The median monthly asking rents for villas and apartments plunged 14 per cent annually and six per cent quarterly mainly due to a reduction in demand for high-end units in locations such as The Pearl and West Bay.

This trend is expected to continue as more supply in this category comes into the market, it added.