Qatar offering ‘top returns’
The residential market in Qatar is delivering “stable and remarkable cash flow to investors”, according to a new report.
Residential property is delivering 6-8% returns on investment, one of the highest in the Middle East, say Al Asmakh Real Estate Development Company (AREDC) in its latest Real Estate Market Report. It notes that, unlike neighbouring countries, Qatar has seen steady appreciation since 2011.
The report highlights a 5% rise in apartment prices from Q2-Q3 2013, noting that one and two-bedroom apartments are in highest demand. The average price for a two-bedroom apartment is now QAR 3,350,000 (US$920,000).
Due to limited supply within freehold and ‘usufruct’ areas (in which a holder can profit from a property that is either titled to another person or held in common ownership) demand for high-quality residential property is high. The overall residential sector in Qatar is “progressive and growing” and particularly anticipated a need for new villa compounds around Doha, the report says.