there are lots of residential project coming up and its understood that the rent here is really high lots of families are moving out of qatar for the reason of rent
is there a chance to come down the rent ?????
It doesn't appear that the laws of economics apply here like anywhere else. Landlords appear to be happy to let building sit empty rather than let them out at lower rents.
As big corporations like QP increase accommodation allowances, rents follow suite, since landlords know what the increses are. At the moment this appears to be a vicious circle.
However, if you can get yourself a crap two/three bed apartment for 11-12k per year, and accommodation allowances and rents increase, you might actually make good savings. For a while anyway - or until you get kicked out.
well... so prices ARE going down.. only in our mind, simply because we are getting used to them.. and the price that sounded like a bad joke only 1-2 years ago, now "doesn't seem too bad"...16,000 for 2 br flat?? About $4,500 a month??? You can live in 4+ stars hotel for this price in US or Canada, or you can rent a multi-billion dollar huge house.. 4,500 would be a monthly rent for it...
I dont' think rents will come down until there is a major economic downturn in Qatar.
If rents don't shift down, Qatar will continue to lose good quality workers to other countries because they simply cannot afford to live here anymore.
The decline in the US dollar, the economic growth in India, Philipines and other countries means that there is an ever declining number of ex-pats who think that it is financially wise to live here.
The government can't and won't deal with the problem of rents, and now the economy is suffering high inflation and labour shortages as a result.
If something isn't done Qatar will suffer very very badly. And I doubt that something will be done.
i think in the near future rent will keep rising ... may not on the same pace as now ... because can't see some serious efforts on proper scale to resolve this issue...there are some projects on the way but are not enough to cop with the incoming flux of workers in doha for permanent settlement...
jackmohan2007: The banks will start demanding their pound of flesh after a period of time. The landlords will be in deep debt if he holds on for a long time.
I think that most of those who are building apartment complexes pay it in full with no banks involved (except for piling up the money)... many would rather leave property vacant than rent it at a lower price (no logic here)
"By 2012 more than 100,000 flats will be added to this"...
2012 is in 4 years. Do you know that around 70,000-72,000 new workers are coming to Doha every year?
4 years x (at least)60,000 = 240,000 new workers (AT VERY LEAST!!) will be in Doha by that time...
and you are talking about only 100,000 new flats..
now... i think jafarnk is asking about any visible near future... not about some mirage in 4 years…we are not even sure whether we will live in Doha by that time..
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It doesn't appear that the laws of economics apply here like anywhere else. Landlords appear to be happy to let building sit empty rather than let them out at lower rents.
As big corporations like QP increase accommodation allowances, rents follow suite, since landlords know what the increses are. At the moment this appears to be a vicious circle.
However, if you can get yourself a crap two/three bed apartment for 11-12k per year, and accommodation allowances and rents increase, you might actually make good savings. For a while anyway - or until you get kicked out.
Its possible.. Perhaps we should go for a two story tent, then have a seperate entrance for the upstairs..
ok, brit.. let’s make partitions in this "large tent"… and rent them out to 6-7 families... how about it?
I'm buying a large tent, a sheesha and moving to Wakra beach..
Pieman: If you can PM me the name of the rower or agent, I would appreciate it.
2 br for 16,000 doesn't seem too bad???...lol..
well... so prices ARE going down.. only in our mind, simply because we are getting used to them.. and the price that sounded like a bad joke only 1-2 years ago, now "doesn't seem too bad"...16,000 for 2 br flat?? About $4,500 a month??? You can live in 4+ stars hotel for this price in US or Canada, or you can rent a multi-billion dollar huge house.. 4,500 would be a monthly rent for it...
Britexpat
I just got a new 2 bed apt in a new tower for just under 16K which does'nt seem too bad for the area????
just eat another pie
No Way !! they wont come down ....
UR Cloths will.... but the RENT wont !!! ...LOL
I've been looking around for a tow bedroomed apartment..
Some places I have seen are a joke and the rents demanded, plus 2/3 year tie-ins.
Where is the enarest human rights office??
I dont' think rents will come down until there is a major economic downturn in Qatar.
If rents don't shift down, Qatar will continue to lose good quality workers to other countries because they simply cannot afford to live here anymore.
The decline in the US dollar, the economic growth in India, Philipines and other countries means that there is an ever declining number of ex-pats who think that it is financially wise to live here.
The government can't and won't deal with the problem of rents, and now the economy is suffering high inflation and labour shortages as a result.
If something isn't done Qatar will suffer very very badly. And I doubt that something will be done.
"By 2012 more than 100,000 flats will be added to this"...
2012 is in 4 years. Do you know that around 70,000-72,000 new workers are coming to Doha every year?
4 years x (at least)60,000 = 240,000 new workers (AT VERY LEAST!!) will be in Doha by that time..."
The good news is - almost 90% are at low income bracket and this flat is not for them, so it will still be left vacant... or teh rate will go down
i think in the near future rent will keep rising ... may not on the same pace as now ... because can't see some serious efforts on proper scale to resolve this issue...there are some projects on the way but are not enough to cop with the incoming flux of workers in doha for permanent settlement...
anyway lets hope for the best..
jackmohan2007: The banks will start demanding their pound of flesh after a period of time. The landlords will be in deep debt if he holds on for a long time.
I think that most of those who are building apartment complexes pay it in full with no banks involved (except for piling up the money)... many would rather leave property vacant than rent it at a lower price (no logic here)
Ha, jack...
"By 2012 more than 100,000 flats will be added to this"...
2012 is in 4 years. Do you know that around 70,000-72,000 new workers are coming to Doha every year?
4 years x (at least)60,000 = 240,000 new workers (AT VERY LEAST!!) will be in Doha by that time...
and you are talking about only 100,000 new flats..
now... i think jafarnk is asking about any visible near future... not about some mirage in 4 years…we are not even sure whether we will live in Doha by that time..
jafarnk...QatariSun....the rents will drop.
Thats what I am expecting from 2009 to 2012. The builders have already completed around 5,000 flats (lying vacant) inside Doha.
If you include all over Qatar it would be around 6,000 flats vacant.
By 2012 more than 100,000 flats will be added to this!!!
If these landlords cannot rent a 3BHK out for QR 10,000 now how can they do it post 2009?
The banks will start demanding their pound of flesh after a period of time. The landlords will be in deep debt if he holds on for a long time.
dont think it may come down but may sustain for a while ... -------------THINK HIGH LIVE SIMPLE------------------
nah.. no chance.. forget about it...
prices are still going up...