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“THIS activity is largely generated by residents looking to relocate within Qatar and ‘trade-up’ to take advantage of more attractive lease terms,” it added.
According to DTZ, good quality mid-range apartments will see “the greatest demand” in the rental accommodation market. The demand will be driven by the growing non-oil and oil sector professionals, who will begin to replace a significant number of blue-collar workers as several infrastructure projects gets completed prior to the 2022 FIFA World Cup.
The report said the overall residential sales increased by 11 percent between 2017 and 2018, as purchasers took advantage of a fall in values.
In the investment market, it said the apartments at The Pearl Qatar are currently selling for prices between QR12,500 and QR15,000 per sqm, with the highest prices typically being achieved in Viva Bahriya.
In its overview of office space availability in Qatar, the report said the country would see a 40 percent jump in the estimated supply between 2018 and 2022, from 4.3 million sqm to 6 million square metres.
“Overall supply of Grade A office accommodations at West Bay and Lusail has topped 2 million sqm while overall supply of offices in Doha is in excess of 4 million sqm.”
There have been a few lease agreements of prominence in the fourth quarter of 2018 in the prime office market, DTZ said.
Most activity has revolved around startups and SMEs. This demand is primarily focused on flexible serviced accommodation, or small inexpensive units in secondary locations, rather than the larger corporate office suites on offer at West Bay, the report said.
According to DTZ, good quality mid-range apartments will see “the greatest demand” in the rental accommodation market. The demand will be driven by the growing non-oil and oil sector professionals, who will begin to replace a significant number of blue-collar workers as several infrastructure projects gets completed prior to the 2022 FIFA World Cup.
The report said the overall residential sales increased by 11 percent between 2017 and 2018, as purchasers took advantage of a fall in values.
In the investment market, it said the apartments at The Pearl Qatar are currently selling for prices between QR12,500 and QR15,000 per sqm, with the highest prices typically being achieved in Viva Bahriya.
In its overview of office space availability in Qatar, the report said the country would see a 40 percent jump in the estimated supply between 2018 and 2022, from 4.3 million sqm to 6 million square metres.
“Overall supply of Grade A office accommodations at West Bay and Lusail has topped 2 million sqm while overall supply of offices in Doha is in excess of 4 million sqm.”
There have been a few lease agreements of prominence in the fourth quarter of 2018 in the prime office market, DTZ said.
Most activity has revolved around startups and SMEs. This demand is primarily focused on flexible serviced accommodation, or small inexpensive units in secondary locations, rather than the larger corporate office suites on offer at West Bay, the report said.
