A recent report by Cushman and Wakefield, a global real estate advisory firm, has predicted a rent increase for the first quarter of 2022 in Qatar. The report cites factors such as the World Cup in 2022, which will see 1 million fans swarm the country, and the Supreme Committee and Legacy companies reserving housing for fans of the tournament. Additionally, the firm notes that corporate entities will be looking to secure staff accommodation.
In 2008, the Emiri issued the Lease Law No. (4), which organises the relationship between landlords and tenants. Article ten of the Lease Law prohibits landlords from increasing the rent value beyond the fixed rental value. Rent increases in Qatar are regulated by the Council of Ministers. Therefore, landlords should avoid increasing their rents unless they have a good reason for it. However, if you are in the market for a rental unit, you can raise the rent amount without fear of losing your investment.
Expatriates in Qatar usually rent their homes. However, the country’s high-standard construction and maintenance make rents high in Doha. It is advisable for expats to secure housing allowances that cover at least one-quarter of their CTC, and a quarter of the CTC. Expatriates will be able to enjoy world-class living facilities in the country. The only downside is the lack of local employment opportunities.
