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Regulating Doha’s office sector

Posted on 03 November 2010

From Zawya.com: Qatar’s government should consider steps to ease an oversupply of office space in the capital causing rent levels to fall and vacancy rates to climb, as it could potentially impact confidence in the real estate sector, says the Dubai-based Consultancy Division of Oxford Business Group.
Monthly rents in Doha’s prime central business district (CBD), the Diplomatic Area of West Bay, have fallen to around QR165 ($45) per sq metre this year after reaching highs of QR300 ($82) in mid-2008. The fall in rents has been attributed to rampant construction over the past five years that turned a shortage of office space into a surplus……………………………………….Full Article: Source

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