Rents Finally Decline in Qatar

I have noticed one thing that the owners are insisting to make contracts for long time or asking for huge deposits. They want to trap the tenants as they are really scared of a further downfall of rent

rent for three rooms located corner lot of al sadd and rate is still the same as our current rental QR10,000/mo... We were shocked because they asked for QR20,000 for an advance deposit in CASH/Dated Check plus 24 post dated checks of QR10,000.

It is okei if they asked for QR10,000 advance payment then 25 checks but QR20,000 is too much...

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Dont jump into hire new accommodation now with big amounts. Rent is gradually coming down. By march '09 there are chances for very low rates. It is unfortunate and sad ,but its true , a public sector company in Qatar laid off 400 employees now. They have extended the term of around 200 employees upto march '09 since their children have to complete an academic year.

Can someone post any findings to keep up a track on the prices?

I think we can develop a very useful tool by mean of sharing finding and information.

Best Regards,

We can try being sensible customers. Wait or adjust till you find a cheaper accommodation.

...i'm currently paying just below 5000 riyals for my 3-bedroom flat so i think i'll stay put...

please don't say the rents are less now,..my company will cut the subsidy,..:)

5000 two bedrooms is still TOO MUCH,.. sure it's less now,..but it should go much less to say it's OK,...

most of the peolpe here spend half of their salaries on housing,.. if this became quarter,.it will be reasonable,..

the government will not allow rents to go down,..just wait and see,.. you'll hear about new laws, and new demolitioned areas,.. they'll keep prices us,.. just wait and see,..

of course I hope I'am wrong...

Hmm dAts nIcE 2 hEAr DaT!!!!!!

Hello everybody

i'm looking for a small flat in DOHA, it will be my first mission to qatar, and really what i heard its little be scary about a cost of living there, i really happy about this good news a bout a rent prices.

take care

Hope we see more clear and it come true ,I need a new place by the end December, my budget is 10000QAR/Month.

By now I'm paying 13000 for one month.

Lost in Doha..

wait and see what's gonna happen...hmmm...

Thats great !!

It should come down ! major part of salary is spend on account of rent. Even Abu DHabi not up to this much! I wondered why!. No Big Malls in Qatar, No Good Beaches, No Good entertainment facility, and even no good building / appartment but rent is high!!!

Today in the newspaper they say that the Mushreib area is going to be demolished soon. Is it again going to affect the rentals?

...You can't mean what you say unless you can say what you mean...

did you check the ad of yesterday in Gulf Times by the Italian company? rents should drop from now on

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i was looking for a decent house for last 3 months i could not find any? when finally i took a villa last month for Qr. 13,000 and signed an agreement for 3 yrs now they say the rent coming down, what can i do now,

Dear friends let the people shift to Barwa Housing and then u see the falling of Rents.Almost 2000 Families will accomodate to Barwa Cities.People can rent thier current accomodations.no one will look to the new building unless they decrese the rents.

Good Luck All.

Bye

InshaAllah .... you will see the difference once Barwa houses are ready and provided to the people !!! I think they are supposed to hand over 2000 houses (approx) in December .... I hope they do !!!

The rent will definetely go down in the coming months.Its natural. It is the part of the recession. Economic slow down just started to middle east. When it affects Qatar also at its full strenth,reverberations also will be in the real estate sector also.

I really hope that this is the case and it will give all those bed spacers a chance to find something decent to live in and get away from those who are charging too much and earning a profit on renting out rooms.

i might look for a flat myself...but that has to wait till end of february or March...

i've heard from my parents that many new buildings are still empty because the rents were too high (more than 8000), and slowly the prices have been coming down. this is all from word of mouth though.

i doubt landlords would lower the rent if their buildings already have occupants. this would probably only happen if the occupants left and they needed to attract someone else to rent the place.

right now we have a 2 bedroom apartment for 7000, and this was a super find last year. 5-6000 sounds more like the upcoming norm. what do you think? :)

just wait and see, no need to become worried on speculations unless you get some confirm news...

is there any chance my present rent would decline too? coz im quite satisfied with what i got a few days back... i hate movin again and again...

I hope it would go down more,

The apartment is in Nauija .... it is near Al-Hilal, about 5 minutes from The Mall. I don't have the contact number yet .... but I will provide you !!!

My suggestion to those who are looking for apartments these days is to wait for a couple of weeks.

It would be ideal to get apartment in Feb 2009, as these low rents would take time to reflect properly in the market. Real Estate Agents are trying their best yet to keep the rents high, but it is no longer in their hands !!!

nice pick!... lucky. spent how many weeks looking for a good and cost efficient one...

Where? Haha! Good for you then. QR5000 for a two-bedroom apartment? that is cool! lol! Hhmm.. I wonder how

much money i waste for the apartment I share with my friend but its not really my money, technically.

cheers,

paul

Where is that building and do you have any contact numbers? some of my friends are looking for similar apartments.