If you see the market the rental prices have started to fall but by next year you will see further reductions. At present new building are offering much more lower rents than the existing building because existing building already have tenants if they offer lower, than existing tenants will create problem for them therefore they prefer to keep the apartment vacant rather than giving on lower rents. New building owners have yet to get the tenants so they have to offer lower rents to attract people. If you further research these property agents are the main culpirts for rents increase. I have presenally seen one building agreement where the orginal agreement with owner was QR 5000 for two bedroom but there were two more agreements for the same building and the final price in the market was QR 7000.
The factors that will largely affect future rental prices are as follows:
1. Pearl Qatar will start delivery of units by the end of year, more units will be in market
2. More housing units in different areas of Doha are coming in the market
3. Barwa housing will accomodate fairly large number of people who at present are living in different apartment buildings
4. Building owners who have taken loans for construction of apartment buildings have to repay the loans installments once the builing is finished so they can not afford to keep it vacant for longer period of time.
If you see the market the rental prices have started to fall but by next year you will see further reductions. At present new building are offering much more lower rents than the existing building because existing building already have tenants if they offer lower, than existing tenants will create problem for them therefore they prefer to keep the apartment vacant rather than giving on lower rents. New building owners have yet to get the tenants so they have to offer lower rents to attract people. If you further research these property agents are the main culpirts for rents increase. I have presenally seen one building agreement where the orginal agreement with owner was QR 5000 for two bedroom but there were two more agreements for the same building and the final price in the market was QR 7000.
The factors that will largely affect future rental prices are as follows:
1. Pearl Qatar will start delivery of units by the end of year, more units will be in market
2. More housing units in different areas of Doha are coming in the market
3. Barwa housing will accomodate fairly large number of people who at present are living in different apartment buildings
4. Building owners who have taken loans for construction of apartment buildings have to repay the loans installments once the builing is finished so they can not afford to keep it vacant for longer period of time.