 21 January, 2014: propertyfinder.qa, Qatar's leading property portal, released its quarterly report compiling Q4 2013 trends in Qatar's home prices and rents based on user behaviour on the website. Examining visitor activity on the portal, the report analyses property searches and offers insights into the most preferred residential communities for investment and rentals in the country. Whilst The Pearl and West Bay remained top communities to buy property based on their range of lifestyle options from high-rise apartments to luxurious waterside villas, Al Dafna made it to the top 10 list for the 1st time last year. Fast becoming Doha's downtown district, it features some of the finest hotels, restaurants and shopping avenues and lies close to the new Doha airport. Commenting on this trend, Monsi Rabah, Country Manager of the Qatar operation said, 'With plans to invest billions of dollars in construction and infrastructure projects in the run-up to the 2022 FIFA World Cup, immense opportunities for the real estate sector are set to open up. Additionally, as foreign nationals re-locate to Qatar for work as the country rolls out its infrastructure expansion programme, a significant housing demand is expected to arise.' As for the leasing market, the report revealed that whilst The Pearl, Abu Hamour, West Bay, Al Waab and Al Sadd remained the most searched locations to rent property in, there was a climb in demand for villa communities such as Al Gharrafa, as the community moved to 8thspot from the 12thposition it enjoyed in Q3 2013. 'By positioning itself as a regional sporting hub, Qatar is expanding its footprint on the global map. The years leading up to 2022 are exciting times for real estate,' added Rabah. To access the complete report, please contact Monsi Rabah at monsi@propertyfinder.qa.
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