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FINANCIAL NEWS
Residential rents in Qatar fall by up to 10pct
02 Feb 2017
(MENAFN) With the fall in residential rents amid the Jan-Sep period for the year, rents for housing units stabilized to some degree in Q4, 2016.
Furthermore, residential rents fell by an average of between 5pct and 10pct in 2016, as stated DTZ, a pioneering real estate services firm.
In addition, hotel performance dropped in the cited quarter, continuing the trend witnessed over the last 2 years.
Accordingly, with the opening of Qatar’s largest retail mall, Mall of Qatar, in the fourth quarter, the total supply of organized retail supply has increased to 838.000 square meters.
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