Qatar’s villa rents are likely to plummet further as businesses other than beauty parlours, nurseries and health clinics currently operating from villas in residential areas have been asked by the government to move to commercial premises starting November.
Numerous villas currently being used as offices are expected to be vacant as a result, and come on the rental market for residential use, thus adding to already abundant supplies, Qatari daily The Peninsula reported.
Real estate experts say they expect the villa rental market will receive a further jolt by the end of this year and a serious spillover impact might also be felt by apartment rents. continue reading…
