Why rent remains high in Qatar?

According to the latest data by Global Property Guide, Qatar recorded the highest average monthly rent for two-bedroom apartments in the Middle East. BUNYAN explores why the prices remain elevated and keep rising gradually and when they are expected to decline. 

Rents for apartments and villas in residential areas in Qatar’s major cities including Doha, Lusail, and Al Wakrah skyrocketed during the World Cup and were expected to decline post-tournament. However, that is not how things turned up. BUNYAN explores why the prices remain elevated and keep rising gradually and when they are expected to decline. 

According to the latest data by Global Property Guide, Qatar recorded the highest average monthly rent for two-bedroom apartments in the Middle East. The report showed that Qatar topped the list with an average rent of $3,742 (QR13,625) on a monthly basis followed by the United Arab Emirates with $2,208 (QR8,043), an immense difference of $1,534 (QR5,582) between the top two countries. Several factors affected the housing market as the transaction volumes increased rapidly by 36 percent in the previous years. During the third quarter of 2021, Muaither, Al Wakrah, and Al Khor recorded the highest volume of transactions in the market.