QATAR SET TO GET 5,800 NEW HOMES
In its review of Qatar's real estate market for Q1, consulting firm ValuStrat said that an estimated 5,800 new homes are set to enter the country's real estate market by the end of 2017. Of these, five buildings will be part of The Pearl-Qatar project, while 10 buildings will be in Lusail. The report added that by the end of 2016, the total housing stock (villas, residential houses and apartments) was approximately 281,000 units. Another 1,500 units, about 17% of which are villas and 83% apartments, were added to the Qatari market during the first quarter this year. As far as the prices of residential housing were concerned, the ValuStrat report said that compared to 2016, the median transacted price fell by nearly 12% year-on-year, although the volume of transactions increased by more than 50%.