Doha: Qatar’s residential market saw many changes over 2009 and 2010 looks to be another interesting year, an Engel & Volkers market report for the first quarter said. ‘Supply and demand’ is a consideration in any market, and currently Qatar is leaning towards excess supply and not enough demand.

On the rental market, the report said it has seen declines in most sectors and as it stands, in the lesser prime areas of Doha, semi furnished apartment rents start at; one bedrooms from QR4,000, two bedrooms from QR5,000 and three bedrooms from QR6,000.

This sector of the rental market will be kept buoyant by companies taking bulk numbers of units to house staff for the upcoming projects throughout the country. [Read More]