my personal opinion is real estate investment in qatar is very promising and lucrative....
look how much gas/petrolium this little country has, and how much investment is being done to utilize from them.... and unlike dubai there are no estanblised neighbourhoods where expats can leave, yet... Pearl and Lusail are coming.... But they cannot meet the demand. Look to Dubai soo many projects to choose from, Qatar has only two developments, Lusail still being a desert.
if u compare the population expectations and the amount of supply that is under construction, the rents will continue skyrocket. By 2012, Pearl can house 60,000 and Lusail MAY 200,000. But they estimate the population of Qatar to increase by 500,000.
I do not agreee that interest rates are 12-15%. I pay at 8% plus mortgage insurance. My mortgage for 20yrs fixed at 7000 for a 1BR. Look at the market now, for 7000 u can hardly get a 1-2BR in a crapy neigbourhood. But 2-2.5yrs later I will be living in a nice green neighbourhood with all amenities for 7000. I will be paying same 7000 after 5, 10, 15, 20 years...
Yes it is true that unlike Dubai, u cannot buy a property and live in it, right now. You have to wait for some time... So buying here is good for only investment purposes, no way out to get rid off rent.
And it is true that quality is very bad!!! unbelievable, u pay 10000-15000s for a 1BR in West Bay, and everyday u face another problem with the apt...
Well, it is a personal decision on risk. Higher returns come with more risk...
my personal opinion is real estate investment in qatar is very promising and lucrative....
look how much gas/petrolium this little country has, and how much investment is being done to utilize from them.... and unlike dubai there are no estanblised neighbourhoods where expats can leave, yet... Pearl and Lusail are coming.... But they cannot meet the demand. Look to Dubai soo many projects to choose from, Qatar has only two developments, Lusail still being a desert.
if u compare the population expectations and the amount of supply that is under construction, the rents will continue skyrocket. By 2012, Pearl can house 60,000 and Lusail MAY 200,000. But they estimate the population of Qatar to increase by 500,000.
I do not agreee that interest rates are 12-15%. I pay at 8% plus mortgage insurance. My mortgage for 20yrs fixed at 7000 for a 1BR. Look at the market now, for 7000 u can hardly get a 1-2BR in a crapy neigbourhood. But 2-2.5yrs later I will be living in a nice green neighbourhood with all amenities for 7000. I will be paying same 7000 after 5, 10, 15, 20 years...
Yes it is true that unlike Dubai, u cannot buy a property and live in it, right now. You have to wait for some time... So buying here is good for only investment purposes, no way out to get rid off rent.
And it is true that quality is very bad!!! unbelievable, u pay 10000-15000s for a 1BR in West Bay, and everyday u face another problem with the apt...
Well, it is a personal decision on risk. Higher returns come with more risk...
Good luck...