Sunday 9 June 2013

Qatar land prices rise 15% this year - Real Estate - ArabianBusiness.com

"Land prices in Qatar rose by 15 percent this year, compared to last year, due to increasing demand for residential, commercial, tourist and services facilities, according to research by real estate consultancy firm CBRE.
“Every single asset class is seeing growth, and there is a potential for oversupply but at the moment the market is stable,” Matthew Green, head of research at real estate consultancy firm CBRE, was quoted as saying.
“If you take the office market you have 4m sqm square meters of stock at the moment and you are going to have another 2m sqm by 2016-2017, so a 50 percent increase just in that period."

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