The real estate market in Qatar is set to see rise in new launches. According to Al Asmakh Real Estate Development, about 25,000 new housing units will be available in Qatar by the end of 2014. The total value of real estate projects is expected to reach QR35bn in the next five years.
New launches are aimed at meeting the increasing demand for new housing units. Qatar is witnessing sharp rise in its population due to new infrastructure projects launched for Football World in 2022 and Qatar's National Vision 2030. The growing demand in the real estate sector has also led to an increase in the prices of housing units.
A one bedroom hall kitchen (bhk) apartment costs about QR1m, a 2bhk QR1.2m and a 3bhk QR1.3m in some areas.
The average price of apartments range between QR10,000 and QR11,000 per sqm. The price range in West Bay is around QR10,000 to QR12,000 per sqm while and around QR14,000-22,000 in Pearl Qatar.
Prices of villas of around 400-500sqm in Doha, Al Thumama, Rawdat Al Matar, Ain Khaled range between QR3m and QR4m while in Garaffa, Al Laqta, Al Raya, Um Salal, Azghawa it is around QR2.5m to QR3.5m. In Al Khor and Al Zakhira, the price range for villa is QR1.8m to QR2.2m.
The Peninsula
21 July
