Cost of Living

Rents Finally Decline in Qatar

adeel_9298 — Tue, 02 Dec 2008 20:35:26 +0000

Yes that's true, yesterday my friend got an excellent 2 bed room apartment, in a very nice building with covered parking, very nice from inside in just 5000 QAR. 4 - 5 months ago such apartments were going on 7000 - 9000 QAR.
I wont be surprised if the same fall to 3 - 4 K QAR.

how much do i need to live and save a little?

Dawud_UK — Sun, 30 Nov 2008 12:49:57 +0000

assalaamu alaykum,

to the non-muslims, peace be upon those who follow righteous guidance,

i am on a shortlist of three for a position at the fanar cultural islamic centre and need to know how much i should ask for salary if i am going to live in qatar.

so how much will i need to ask for to live simply with myself, my wife and two young children and still save a little money each month?

assalaamu alaykum,
peace be upon those who follow righteous guidance,
Abu Abdillah

Rent declines in Qatar!!!Are we aware?

mansoorilahi — Thu, 27 Nov 2008 20:19:01 +0000

Everyone knows that economic recession has affected adversely the whole world. A curse that turned to be a blessing for the whole expat community in middle east atleast.

Rent has started coming down drastically. yesterday Barwas chief openly said it. In UAE, almost 11% downfall on rent occured in a very short period. And forecasts say , further downward trend will be there for atleast one year.

In Qatar also, the same trend has been started. The real estate agents who have signed agreements with local owners for a long time, like 3 years ,5 years etc. are in deep trouble as they are not able to get back the amounts from tenants.
My intention on beginning such a topic here is to make all the expatriates aware the change of situation.

Dont fall in the traps of the real estate agents.
Bargain/negotiate as much as possible. scenario is changed.Agents will come in your way. they have to survive
Dont believe the prices shown in the newspapers/ websites. All are inflated. Yes it is true, ones we had to pay that much rent.
Wait as much time as possible and search religiously. You will get houses with less rent
Please pass this message to all

Inviting more inputs

Mansoor

Toyota land cruiser is safe or not

Ahmad Satti — Thu, 27 Nov 2008 14:16:32 +0000

i want to know that toyota land cruiser is safe or not ?

Cafteria in Doha

sahilm79 — Wed, 26 Nov 2008 08:21:45 +0000

We use to order the food from Hot and cool cafteria Located in Hilal. Every day morning we Order and they will bring the food.They dont bring what we order, When we complain they will say: Sorry may be its mixed with other orders. It happend 4 times already and we eat the food. Today we rejected and told them we can accept. We are paying money and bring the proper order. They said lot explanation and finally we reject the food and found another one ICE Cream Plaza.
Please advise if you have any good food stall in New Salata

Whats the rent range?

karthydude — Tue, 25 Nov 2008 20:52:46 +0000

Hi friends,

My Bro is moving to doha shortly, he has got a package of 12K basic+6K housing + medical, furniture, air ticket etc. Him+Wife+7 month old Son will be moving soon.

Is this salary enough?... can he send atleast 5 to 6K home?

Whats the rent range in apts near Commercial bank of qatar(near post office) in doha?

Also, rents near Education City?

Please give me a range - exact figure not expected.
Both for 1 BHK and 2 BHK. Also, distance should be max 30 to 45 min from office.

Please do respond...

Thanks,
Karthydude

Barwa Housing

leaders23 — Mon, 24 Nov 2008 13:19:30 +0000

Attn: BARWA Housing Program Beneficiary
Musaimeer Site

Dear Sir/Madam,

Subject: Residential Unit Visit

BARWA Housing Program cordially invites you to visit its residential units in Musaimeer site. The visit aims at availing you with the opportunity to closely inspect the residential units and their components. Visits are scheduled to take place on the following two days:
- Friday, 28th November 2008 from 2:00 pm to 10:00 pm.
- Saturday, 29th November 2008 from 8:00 am to 5:00 pm

With Best Regards
BARWA Housing Program

N.B: Children are not allowed.

Cost of Renting Property Reducing

Besty — Mon, 24 Nov 2008 10:30:06 +0000

I'm moving out to Doha next week to start work there. I was reading on an article on another website (dated 21st of this month I think) that the rental prices of property have now started to drop.......is this correct?

Thanks in advance

Martin

Doha Real Estate: Zawya report

ontario — Mon, 24 Nov 2008 07:31:24 +0000

23 November 2008
DOHA: Real estate prices have fallen by almost 50 percent in the suburbs of Doha, reviving hopes of a downslide in the rental market, property market operators said yesterday.

The global financial crisis has put sudden brakes to the real estate boom in the country. While land prices have fallen by almost 30 percent in Doha city limits this month alone, the rates in the suburbs have been declining faster.

Plots in some suburbs are now available for QR400 per square metre, down by almost half over just a month. Real estate investors expect a further slide in land prices in the days to come, said Abdul Wahab, a property agent.

Rents have also begun falling as a consequence of the downturn in the real estate sector, said another property agency official, Mehmood Abdullah.
"House rents have this month fallen by as much as 20 percent. A new apartment which was available for QR10,000 monthly rent, is now on offer for QR8,000," he said.

New residential buildings are being completed in large numbers in and around Doha, easing supplies. "But there are not many takers," said Abdullah. This is putting pressure on property owners. "So if they have to ensure a property is rented out, they have to lower the rent," Abdullah said.

As for real estate prices, he said he was sure loan defaulters would be prompted to sell their landholdings after Eid Al Adha. "This would bring more pressure on pricing, so land prices are sure to come down further after the festive season," added Abdullah.

Happy news *****Rents are going down

Believer — Sun, 23 Nov 2008 11:47:59 +0000

Hai...
As we discussed earlier about the rents in Qatar...
yes it is going down not only the rents for accomadation but also the rents for ware houses,store rooms etc...
beacause of so many reasons,like see the oil price,global financial crisis,the gold rate also going down, it is evident from the daily news papers.
also so many flats and villas become unmanned as the hamad hospital employees have been shifted to HMC owned accomadation and so many people are going to move to their new Barwa accomadation...etc..,
and you can easily make this from the daily news papaers"Accomadation Available" coloum.

Regards

Blvr.