Apartment rents in Qatar have fallen by 17 percent since the start of 2009, a new report by the Qatar Statistics Authority has revealed.
Rents in general declined in July by 0.8 percent and a further 1.7 percent last month with the largest fall seen in apartment rents, the authority said in a report published on Sunday.The drop comes amid one of the worst downturns in the Gulf region’s real estate industry. Dubai has been hardest hit with rents in some part of the city falling more than 30 percent this year.
arabianbusiness.com.