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Posted On: 13 September 2011 02:20 pm
Updated On: 12 November 2020 02:11 pm

Demand for three bedroom flats dropped in August

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DOHA: The demand for three bed-room apartments decreased marginally in August. However, the status of two bedroom remained unchanged, said a report posted on the website of “NAI QATAR”. The rents for single bed-room apartments increased in August but those of furnished and non-furnished housing units decreased, a local Arabic daily has reported yesterday. Rents of furnished villas dropped 1.53 percent and those of furnished three bed-room apartments went up 0.75 percent. However, rents of furnished single and double bed room increased by 0.42 and 0.08 percent. Rents of office space went down by 9.88 percent in August of this year. Office space grade A and B reached to QR155 and QR101 per square meter respectively at Doha. The most costly office space recorded at CBD and West Bay, QR210 per square meter. Retail shops’ rents soared QR177 per square meter, 2.31 percent growth. The demand of shopping centers was low by 5.88 percent and hired QR36 per square meter. The giant stores have been rented on QR62 per square meter, a 10.71 percent increment. The labourer camps has been hired QR1,138 per room in August, said the report. Several reports suggest that the real estate market in Qatar is stable and the supply and demand of the housing is poor, said the daily. The Peninsula