Qatar Rental Rates Increase 20%-30%
Rental rates in Qatar have increased by an average of 20% to 30% in 2006, with experts predicting they will remain high due to supply vs. demand ratio.
With property reports, stating current demand is outweighing supply, buy-to-let property owners in Qatar are pocketing huge rental yields, and this trend is set to continue until supply equalises.
The rise in rental rates has followed a liberalisation in real estate law, which has been designed to encourage residents to own property as opposed to rent, yet many residents are investing in property to capitalise on the lucrative rental yields that can be earned.
The economy in Qatar is without a doubt one of the strongest in the world and with a population of only 838,000, the country registered the highest income per capita in the world in 2006. The Government has initiated several measures to liberalise laws in a bid to attract investment into various economic sectors such as real estate, tourism, and finance. The high rental rates have also had an effect on the country’s inflation rate, which is now among the highest within the Gulf Cooperation Council (GCC) countries.
In order to attract foreign property investment specifically, the Government relaxed foreign ownership laws. This has led to an increase in investments into not only property investment but also tourism, the financial market, oil, and gas sectors; the major increase in economic migration to the country is further boosting the country’s rental market.
New regional and international companies who have relocated to Qatar have had a direct effect on the demand for quality residential units. Overseas property buyers can currently purchase real estate in designated freehold areas, which are West Bay Lagoon, Pearl Qatar, and Al Khor Resort. Eighteen other areas are currently available on a leasehold basis for a period of 99 years.
About Obelisk
Obelisk offers clients the opportunity to invest in specially selected real estate projects from around the world. Clients are offered involvement in ventures that represent unrivalled opportunity, potential and ultimately, return on investment. The service they provide to investors is based upon three key aims: price, profit, and performance.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005press@obeliskinternational.com
With property reports, stating current demand is outweighing supply, buy-to-let property owners in Qatar are pocketing huge rental yields, and this trend is set to continue until supply equalises.
The rise in rental rates has followed a liberalisation in real estate law, which has been designed to encourage residents to own property as opposed to rent, yet many residents are investing in property to capitalise on the lucrative rental yields that can be earned.
The economy in Qatar is without a doubt one of the strongest in the world and with a population of only 838,000, the country registered the highest income per capita in the world in 2006. The Government has initiated several measures to liberalise laws in a bid to attract investment into various economic sectors such as real estate, tourism, and finance. The high rental rates have also had an effect on the country’s inflation rate, which is now among the highest within the Gulf Cooperation Council (GCC) countries.
In order to attract foreign property investment specifically, the Government relaxed foreign ownership laws. This has led to an increase in investments into not only property investment but also tourism, the financial market, oil, and gas sectors; the major increase in economic migration to the country is further boosting the country’s rental market.
New regional and international companies who have relocated to Qatar have had a direct effect on the demand for quality residential units. Overseas property buyers can currently purchase real estate in designated freehold areas, which are West Bay Lagoon, Pearl Qatar, and Al Khor Resort. Eighteen other areas are currently available on a leasehold basis for a period of 99 years.
About Obelisk
Obelisk offers clients the opportunity to invest in specially selected real estate projects from around the world. Clients are offered involvement in ventures that represent unrivalled opportunity, potential and ultimately, return on investment. The service they provide to investors is based upon three key aims: price, profit, and performance.
For more information on overseas property investment, and to find out about Obelisk’s latest projects, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email info@obeliskinternational.com
Visit our website: http://www.obeliskinternational.com/
Press Office: Tel: 0808 160 1005press@obeliskinternational.com
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