DOHA HOUS­ING DE­MAND ON RISE

Qatar Today - - BUSINESS > REALTY CHECK -

Doha will con­tinue to ex­pe­ri­ence strong res­i­den­tial de­mand over the short to medium term as the econ­omy re­mains sta­ble and pop­u­la­tion growth con­tin­ues, ac­cord­ing to Col­liers In­ter­na­tional, which re­leased its Qatar Real Es­tate Over­view Q2 2014 a few days ago.

The re­port says that although oc­cu­pancy rates across Doha are cur­rently 85%, pri­mary re­search sug­gests that high-end gated com­mu­ni­ties are cur­rently en­joy­ing av­er­age oc­cu­pancy rates of ap­prox­i­mately 97%, in­di­cat­ing a pref­er­ence and high de­mand for such ac­com­mo­da­tion.

De­vel­op­ing res­i­den­tial units in close prox­im­ity to ed­u­ca­tion fa­cil­i­ties acts as a sig­nif­i­cant at­trac­tor to ten­ants from res­i­den­tial com­mu­ni­ties that do not have easy ac­cess to such es­sen­tial so­cial in­fra­struc­ture fa­cil­i­ties, the re­port adds.

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