Qatar will have 25,000 new housing units by end of 2015

An estimated 25,000 new housing units are expected to come on the market by end of this year driven by rising demand, says a real estate development company.

The demand for housing is forecast to grow between 20 and 25 percent in the second half (H2, July to December) of this year, according to Al Asmakh Real Estate Development Company.

“The demand for housing has been on an upswing,” the company said in a report. The rents of furnished apartments have already gone up by 15 percent in the first half of this year (January to date, as H1 closes on June 30) as compared to H1 of 2014, said the report.

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The company, which is a major real estate developer, said an estimated 100,000 new housing units will be added to the existing stocks over the next four years.
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Source News: Qatar Living