Qatar’s real estate prices increase 5%

Tracking price rises across key neighbourhoods, the portal revealed that whilst properties stood at QR6.6 million in December last year, the figure rose to QR6.9 million within a month, in January. Residences in The Pearlwent from QR3.8 million in December to QR3.9 million in January; whilst West Bay saw prices move up to QR2.4 million from QR2.3 million during the same period.

“Since the successful World Cup bid and the introduction of new foreign ownership laws, there has been a sharp spike in property prices.” said country manager of propertyfinder’s Qatar operation.