- Your general forecast/vision for Qatar Real Estate, stability.
The real estate market is going to be worse than in Dubai. The reason to it is that there is too much development without the focus on end user and developers do not mind waiting rather than correcting prices of their properties.
- Your opinion about owning in Qatar.
It is not the time to invest money in property because there is only talk about prices going down but no body is selling at lower prices everybody is holding on to the prices.
- Your view on The Pearl as a project.
Pearl Qatar does not offer the look, feel or deal other international projects have to offer. The price for flats is way beyond the roof. Mortgages also have become too expensive even though the banks have been taken care off.
- Your indication of acceptable price p/sqm.
UDC is selling flats for Porto arabia at 22000 Qar, Qanat Quartier at 26000 Qar and Viva Bahriya at 27000 Qar, correct me if i am wrong.
Every developer has to understand that flats are for Middle Income Group People who are going to buy a mortgage to own a flat. At the present situation they should consider a overall cost of acquiring the property, V/s the long term appreciation of the property.
- Your general forecast/vision for Qatar Real Estate, stability.
The real estate market is going to be worse than in Dubai. The reason to it is that there is too much development without the focus on end user and developers do not mind waiting rather than correcting prices of their properties.
- Your opinion about owning in Qatar.
It is not the time to invest money in property because there is only talk about prices going down but no body is selling at lower prices everybody is holding on to the prices.
- Your view on The Pearl as a project.
Pearl Qatar does not offer the look, feel or deal other international projects have to offer. The price for flats is way beyond the roof. Mortgages also have become too expensive even though the banks have been taken care off.
- Your indication of acceptable price p/sqm.
UDC is selling flats for Porto arabia at 22000 Qar, Qanat Quartier at 26000 Qar and Viva Bahriya at 27000 Qar, correct me if i am wrong.
Every developer has to understand that flats are for Middle Income Group People who are going to buy a mortgage to own a flat. At the present situation they should consider a overall cost of acquiring the property, V/s the long term appreciation of the property.