Real estate prices in Qatar rise 2.6% in the first quarter, supported by the World Cup

Real estate prices in Qatar rise 2.6% in the first quarter, supported by the World Cup

The real estate price index in Qatar increased during the first quarter of 2022 by 2.64% on an annual basis, supported by the increase in demand for housing units with the approach of the FIFA World Cup at the end of this year.

The first three months of this year witnessed a rise in residential real estate prices and an increase in rental values ​​in a number of areas within the capital, Doha, by up to 10%, in parallel with the economic recovery and the receding of the economic repercussions of the Corona pandemic, an increase in employment, and an increase in the population to 2.8 million people.

Rental values ​​in Qatar are expected to rise during the coming months of November and December to record levels in light of limited supply and increased demand resulting from Doha receiving 1.2 million visitors to follow the FIFA World Cup.

The total real estate financing in Qatar at the end of last March amounted to about 161 billion riyals, which represents 15% of the total domestic credit of about 1.1 trillion riyals.