demand for qatar’s residential building and villas see a dip

The real estate sector in Qatar have started to experience a dip in the rents of old residential buildings and partitioned villas. According to reports the market has seen a decrease of 10 to 20 percent over the past six months.

Experts also believe that people are starting to shift to outside areas from Doha as a result of government investment in developing areas. Ahmed Al Arouqi, the general manager of Roots Real Estate, stated that the oversupply and low demand has led to decrease in demand. He also said that people avoid residential buildings as they fear that they can be demolished any time.

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Another factor is that the big companies are capable to give exciting offers to customers making them more attractive and these companies do not hike rents very frequently like individuals or small companies.