You are here: Home » Breaking News » Rental falls in Qatar 'benefit...
Breaking News
Rental falls in Qatar 'benefitting real estate middlemen'
02 Feb 2010
Most middle-income people in the country cannot afford to hire out such property on their own, so are reliant on sharing a large villa or flat with other tenants.
The middlemen, often operating illegally, are able to hire out the villas and then sublet them at higher prices, reports the Peninsula.
"In the past old villas were being offered by such agents on a shared basis. With the availability of several new villas and large flats across the country, they have now shifted their focus," one real estate worker told the newspaper.
Last month, an online poll carried out by Al Sharq Daily revealed that 61 per cent of people in Qatar back recent proposals to extend a current freeze on rental prices, which is set to end this month.
Login
Find A Company
Weekly Email News Round-up
Related news by topic
Retailer welcomes new Dubai mall
21 Mar 2010
A new shopping centre in Dubai has been welcomed by MH Alshaya, which is one of the retailers that i...
Infrastructure joint venture agreed in Saudi Arabia
21 Mar 2010
Saudi Arabia's rail infrastructure is the focus of a new joint venture agreed this week by the Mohaw...
Ferrari World Abu Dhabi will be "state of the art"
21 Mar 2010
Ferrari World Abu Dhabi will be "state of the art" and offer visitors an unrivalled entertainment ex...
