Comments on: Qatar introduces rent controls http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/ Sat, 07 Jan 2012 13:12:52 +0000 http://wordpress.org/?v=abc hourly 1 By: KLM http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/comment-page-1/#comment-74498 KLM Thu, 06 Mar 2008 17:17:09 +0000 http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/#comment-74498 They say it's an overheated real estate market where people are flipping properties like crazy. A property can pass through three or four owners before the foundations are even laid. By the time it's up for rent, it's value is 400% more than what it cost to build which means rent must be high too to recoup the investment. They say it’s an overheated real estate market where people are flipping properties like crazy. A property can pass through three or four owners before the foundations are even laid. By the time it’s up for rent, it’s value is 400% more than what it cost to build which means rent must be high too to recoup the investment.

]]> By: Eudaemonion http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/comment-page-1/#comment-74471 Eudaemonion Thu, 06 Mar 2008 14:28:44 +0000 http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/#comment-74471 I wonder what the cause of such high prices are? Don't Gulf Countries allow their cities to expand? Or is the oil money the culprit? I wonder what the cause of such high prices are? Don’t Gulf Countries allow their cities to expand? Or is the oil money the culprit?

]]> By: Mohammed http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/comment-page-1/#comment-74173 Mohammed Wed, 05 Mar 2008 09:33:03 +0000 http://austrolabe.com/2008/02/23/qatar-introduces-rent-controls/#comment-74173 Another point, measures like these don't help new tenants. It's still very much a free market, especially with the high resident turnover. Rent in the GCC is simply out of control. On a weekly basis, expect to pay the equivalent of AUD250 upwards for a studio apartment, to AUD1000 upwards for a 3-bedroom house. Thankfully, innovations such as <a href="http://secretdubai.blogspot.com/2006/05/timeshare-dubai-style.html">bedspace</a>, while inhumane, ease the pressure somewhat. Gotta run, my turn to sleep. Another point, measures like these don’t help new tenants. It’s still very much a free market, especially with the high resident turnover.

Rent in the GCC is simply out of control. On a weekly basis, expect to pay the equivalent of AUD250 upwards for a studio apartment, to AUD1000 upwards for a 3-bedroom house. Thankfully, innovations such as bedspace, while inhumane, ease the pressure somewhat.

Gotta run, my turn to sleep.

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