Property News · February 18, 2019

Qatar’s property market faces reality check ahead of World Cup amid oversupply, spat with Gulf neighbours


Qatar’s Doha Tower, a spiked cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide property boom, but today about half of its 46 floors are empty.The office tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qatar property market ahead of the 2022 World Cup that mirrors a real estate downturn in the wider Gulf region after a drop in oil prices.Qatar has the added…

Source : South China Morning Post
Read more…Qatar’s property market faces reality check ahead of World Cup amid oversupply, spat with Gulf neighbours