The real estate market in Qatar before and after 2022

In the past few years, with the urban renaissance witnessed by the real estate market and the entry of new buildings and projects for use, the supply exceeded the demand in different categories of buildings, especially administrative buildings, as the surplus in administrative buildings currently needs more than five years to be absorbed through supply and demand in these Category.
Moreover, during those past years, there was an oversupply of housing units, whether apartments or villas, which led to a decline in rental returns over the past years of 30% or slightly more than the peak prices reached at the beginning of 2015. After that, the decline in the administrative buildings began first, then followed by the rental prices of residential villas, and then the decline in apartment rents, and the real estate market became a tenants market where the tenant became in a negotiating position stronger than the owner, and we started seeing offers from a month or two ago and even three for free , and perhaps even more so in the administrative sector, in addition to the drop in rental prices.
From the point of view of the consumer, this is a good reality because it provides him with a valuable amount of his income, and gives him better options in terms of location, area and condition of the building.
We have seen a decrease in the growth of the Consumer Price Index in the State of Qatar from 2016 to 2020, because the percentage of spending on housing determines the growth of this indicator.
The decline in rental income has led to a decline in land prices in most parts of the country in varying proportions according to their locations and uses.