RIDUANUR QURESHI ASSOCIATE FINANCIAL ANALYST
REPORT FROM THE PEARL GATES The Pearl Qatar Secondary Market Q4, 2021 Qatar real estate secondary market seen significant growth in the 2021. As rental price are increasing over this year, investor are more interested for ready apartment in the free hold areas. Over the last two Quarter rental price has been increase by 10% to 20%, which allow investor to generate 5% to 6.5% rental income for smaller apartment and 5% for large apartment. Bank also allowing finance for investor for both local and foreign expat for 15 to 20 years with attractive interest rate. In the Q4, around 162 apartment were listed for sale in the secondary market at pearl Qatar. Total number of inventory increase in both smaller apartment like studio and one bedroom and large apartment marginally. Similar to previous quarter, high number of two bedrooms apartment were listed in the market for sale, representing 43% of total listing property. Additionally, total supply of studio apartment increase in this quarter by 18%, representing 12% of total inventory in the secondary market. While one and three bedrooms represent 29% and 15% of total inventory. As more demand of smaller apartment in the secondary market, studio and one bedroom apartment price remain high in Q4. Average sold price for studio apartment were around 1.17 million QAR and average sold price for one bedroom apartment were around 1.54 million QAR. Average asking and sold price for all apartment remain similar to Q3. As supply increase average asking and sold price for studio apartment decrease slightly by 2% in Q4. Studio apartment has height per Sqm sold price compare to other apartment around 16,506 QAR, one bedroom 12,483 QAR, two bedrooms 12,573 QAR and three bedrooms 12,021 QAR.
THE PEARL GATES