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House shortage in Doha leaves expats facing huge rent increases
| Published: | 16 Dec at 3 PM |
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A shortage of housing in the Qatari capital Doha means expats will have to pay higher rent prices than they would do in other Gulf states, according to a recent study by global real estate company Colliers International.
The fact the city has such a shortage has resulted in the cost of rent soaring to unprecedented levels – a rise of 14 per cent this year alone. And things are unlikely to get better for expats on Doha any time soon as the shortage is predicted to go on for at least four years.
The average expat in Doha - not taking into account workers that have their accommodation supplied by their employers - spends around a third of their income (34 per cent) on housing, compared to 30 per cent in Australia and the US and 25 per cent in the UK.
Colliers International found that 30 per cent of expats living in Doha can afford to stay in the city’s most popular residential areas of Al Sadd, Pearl Qatar, West Bay and Old Airport. And when it comes to spending the generally accepted figure of 30 per cent of income on housing, only those on QAR 35,000 a month can afford accommodation in Doha’s most prestigious neighbourhood, Pearl Harbour.
The firm said that the affordability of rent is now a problem for many expats and will only get worse in the future because of the fact there is a lack of new housing coupled with a forecast growth in population of nine per cent by 2018.
The fact the city has such a shortage has resulted in the cost of rent soaring to unprecedented levels – a rise of 14 per cent this year alone. And things are unlikely to get better for expats on Doha any time soon as the shortage is predicted to go on for at least four years.
The average expat in Doha - not taking into account workers that have their accommodation supplied by their employers - spends around a third of their income (34 per cent) on housing, compared to 30 per cent in Australia and the US and 25 per cent in the UK.
Colliers International found that 30 per cent of expats living in Doha can afford to stay in the city’s most popular residential areas of Al Sadd, Pearl Qatar, West Bay and Old Airport. And when it comes to spending the generally accepted figure of 30 per cent of income on housing, only those on QAR 35,000 a month can afford accommodation in Doha’s most prestigious neighbourhood, Pearl Harbour.
The firm said that the affordability of rent is now a problem for many expats and will only get worse in the future because of the fact there is a lack of new housing coupled with a forecast growth in population of nine per cent by 2018.
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