Qatar residential and office markets come under pressure ...United Arab Emirates

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Qatar residential and office markets come under pressure
A report from global real estate consultancy Knight Frank shows that the housing market in Qatar faces challenges, as a fall in demand for residential properties is coupled with a rise in supply following the construction boom linked to the FIFA World Cup 2022. ‘The Qatar Real Estate Market Review for Spring-Summer 2023’ showed that rents are dropping in the majority of districts, with Lusail’s Waterfront and Fox Hills districts experiencing the highest quarterly depreciation of 23% and 18% respectively. The municipalities of the capital Doha and Al Rayyan recorded the highest volume of residential transactions during the second quarter, it added. Faisal Durrani, Partner, the Head of Researc

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