In Doha, Qatar, there's a surge in demand for residential properties, with many new projects slated for development in 2024. According to Anum Hassan, head of the Research team at ValuStrat, rents saw a 7% annual decrease by the end of 2023, stabilizing in Q4. Over 6,000 units are expected in 2024, primarily apartment buildings.
Post-FIFA, Qatar experienced a fluctuation in the residential market, witnessing a decline in rental prices nationwide. Following the conclusion of the World Cup 2022, occupancy dropped significantly in the first half of 2023, leading to a 5% YoY decrease in rents compared to Q2 2022. However, a slowdown in residential supply growth and increased demand in the latter half of the year mitigated the rental decrease.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
Doha remains a top choice for living due to its proximity to business and financial centers. Premium locations in the city are preferred, with residential projects being absorbed within 3-6 months. Conversely, the lack of new villa constructions in recent years has contributed to high occupancy and stable rentals in villa complexes across Qatar.
The residential sales market experienced a decline in transaction volume in 2023, signaling a slowdown. Changes in mortgage regulations are expected to stimulate activity in the medium term.
ValuStrat's quarterly report for Q4 2023 noted stability in the market but a 1.7% annual decline to reach 64.1 points, based on a 100-point index set in Q1 2016. Average capital values of apartments remained stable quarter-on-quarter but decreased by 2% year-on-year, with prices in prominent areas like The Pearl Island, Lusial, and West Bay Lagoon remaining steady compared to previous quarters.
Meanwhile, Mordor Intelligence forecasts a compound annual growth rate of 6.24% for the Qatar residential real estate market, with the sector valued at $4.28 billion in 2024.
#trending #latest #QatarRealEstate #ResidentialProperties #PropertyMarket #DohaLiving #RealEstateTrends #PropertyDevelopment #HousingMarket #RentalTrends #PropertyInvestment #UrbanDevelopment #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxb news networkdnn
Dubai International Airport (DXB) ranked as the busiest in the world with 92.3 million passengers in 2024, according to ACI....Read More.
Qatar's Emir Sheikh Tamim bin Hamad Al-Thani arrived in Damascus on Thursday, marking the first visit by a foreign leader since Bashar al-Assad's fall....Read More.
Emirates NBD’s Profit Before Tax Soars 15% to AED 27.1 Billion in 2024, Proposes 100 Fils Dividend
Emirates NBD’s profit before tax reached a record AED 27.1 billion in 2024, driven by regional growt
Man City Edge Through After Scare to Progress in Champions League
Manchester City fought back to beat Club Brugge 3-1, securing a spot in the Champions League playoff
Tom Welling, Smallville Star, Arrested for DUI in California
Tom Welling, the actor from *Smallville*, was recently arrested for driving under the influence in a
Elon Musk Enters Financial Services with Digital Payments on X
Elon Musk's X teams up with Visa to launch X Money Account, enabling smooth transactions on the plat
Trump Calls DeepSeek AI a 'Wake-Up Call' for US Tech Giants
US President Donald Trump comments on DeepSeek's rise, urging US companies to innovate and stay comp
Dubai International Airport Sets Record with 92 Million Passengers in 2024
Dubai International Airport (DXB) ranked as the busiest in the world with 92.3 million passengers in 2024, according to ACI.
Qatari Emir Visits Syria, Meets Interim President Sharaa
Qatar's Emir Sheikh Tamim bin Hamad Al-Thani arrived in Damascus on Thursday, marking the first visit by a foreign leader since Bashar al-Assad's fall.
Sharjah Ruler Joins Centennial Celebration of Sharjah Libraries
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi attended the "Sharjah Libraries Centennial" celebration at Sharjah Fort on Wednesday, marking 100 years si
Microsoft Shares Drop as Cloud Outlook and AI Spending Disappoint
Microsoft's cloud growth forecast disappoints, shares drop 4.5% as investors worry about AI spending and competition
Top Tips to Protect Your Hair from Damage
Simple Steps to Protect Your Hair from Damage and Keep It Healthy
Qatar Real Estate Market Shows Steady Growth in 2024
The overall real estate market remained stable, with slight declines seen in some specific segments
Sobha Unveils Dubai Motor City's 'Oasis of Luxury' Development
The development includes leisure and kid-friendly pools, a zen garden, tennis court, rock-climbing wall, pet park, and jogging track.
Sharjah Ruler Expresses Condolences to Saudi King on Fahd's Death
Sharjah Ruler Sheikh Sultan sends condolences to King Salman on the passing of Prince Mohammed bin Fahd.
Reaching the Last Mile Partners with Rockefeller & Sanofi for Climate-Health Finance White Paper
The report highlights that now is the crucial time to invest in bolder, coordinated, and accessible funding, reaching areas in greatest need
Effective Workouts to Achieve a Slim and Fit Body in Less Time
Top Effective Workouts to Achieve a Slim and Fit Body for Beginners
3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE
+971 52 602 2429
info@dxbnewsnetwork.com
© DNN. All Rights Reserved.
