Median ticket size for residential houses in Qatar stood at QR2.8mn in the second quarter of this year, research and consultancy firm ValuStrat said in a report.
Finding that the influx of supply continued to put downward pressure on rents in residential and commercial sectors, it said both sectors may continue to incur market corrections.
The residential market in Doha has recently seen a drop in rental levels in most areas following four years of rental growth between 2011 and 2015, DTZ said in its Q3 2016 property times report.
Barwa Real Estate Group ‘is committed to provide reasonable rent rates’ even as it plans to complete 12,000 residential units by 2020, Group CEO Salman Mohamed al-Muhannadi has told Gulf Times.
Despite the backdrop of ongoing economic uncertainty and a sustained period of low oil pricing, residential rental levels in Qatar continued to expand unabated during 2015, rising by approximately 7% year-on-year.