According to a new report by global real estate company DTZ Qatar, falling hydro-carbon prices have led to a fall in demand for Qatar’s office space, with a slowdown in Grade A office letting identified throughout 2015. The report, released on Tuesday, said that the number of residential units being built has fallen from 1,280 at the end of 2014 to 936 as of June this year. In addition, 1,900 hotel keys were added to Qatar's stock during 2015, and up to 80 new establishments are expected to increase supply by approximately 18,000 keys between 2016 and 2021. Our core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, building consultancy, research, consulting, and project and development management. Experts predict that despite potential for a few challenging months ahead, the long-term trajectory for Qatar remains positive, as spending plans for infrastructure and tourism projects, and the upcoming FIFA 2022 event, are expected to provide a significant boost to the local economy.
According to a new report by global real estate company DTZ Qatar, falling hydro-carbon prices have led to a fall in demand for Qatar’s office space, with a slowdown in Grade A office letting identified throughout 2015. The report, released on Tuesday, said that the number of residential units being built has fallen from 1,280 at the end of 2014 to 936 as of June this year. In addition, 1,900 hotel keys were added to Qatar's stock during 2015, and up to 80 new establishments are expected to increase supply by approximately 18,000 keys between 2016 and 2021. Experts predict that despite potential for a few challenging months ahead, the long-term trajectory for Qatar remains positive, as spending plans for infrastructure and tourism projects, and the upcoming FIFA 2022 event, are expected to provide a significant boost to the local economy.