These GREEDY landlords and rental companies are only shooting themselves in the foot by stupidly trying to make a quick buck out of the 2022 bid.
What they don't seem to comprehend (because of their blind greed) is that rents, inspite of falls in the last year, are STILL WAY WAY OVER PRICED for the quality of property on offer. Doha is NOT London or New York and shouldn't cost the same in rents as any of those cities. In fact, Doha DOES NOT even compare to Dubai or Abu Dhabi. And it is STILL a long, long way from becoming like any of those cities. Regarding the arguments about 'talent coming into the country because of the 2022 bid'. Well, that is still a LONG, LONG way away. It will TAKE YEARS before the demand naturally increases to such levels that rents should automatically rise. By ARTIFICIALLY trying to push rents up, these greedy landlords will only end up with lots and lots of EMPTY PROPERTIES because most people within the country are not going to move and the trickle of new people coming into the country is still far too slow to match the supply.
These GREEDY landlords and rental companies are only shooting themselves in the foot by stupidly trying to make a quick buck out of the 2022 bid.
What they don't seem to comprehend (because of their blind greed) is that rents, inspite of falls in the last year, are STILL WAY WAY OVER PRICED for the quality of property on offer. Doha is NOT London or New York and shouldn't cost the same in rents as any of those cities. In fact, Doha DOES NOT even compare to Dubai or Abu Dhabi. And it is STILL a long, long way from becoming like any of those cities. Regarding the arguments about 'talent coming into the country because of the 2022 bid'. Well, that is still a LONG, LONG way away. It will TAKE YEARS before the demand naturally increases to such levels that rents should automatically rise. By ARTIFICIALLY trying to push rents up, these greedy landlords will only end up with lots and lots of EMPTY PROPERTIES because most people within the country are not going to move and the trickle of new people coming into the country is still far too slow to match the supply.