Qatar apartment rents fall by 4%
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Qatar apartment rents fall by 4%

Qatar apartment rents fall by 4%

Real estate services firm Asteco has said apartment rents in Qatar fell by almost 4% in the second quarter, although the market is showing signs of stabilising compared to the first quarter. "Overall, the downturn in the rental market has provided prospective tenants with more choice of accommodation while landlords are becoming more flexible with their rents and in some cases offer incentives such as rent free periods. One and three bedroom units throughout Qatar have seen minimal rental movements. However, studio units have seen the steepest decline," the report said, adding that with even more units due to come online into 2011, landlords will continue to face reduced rental yields.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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