Property prices are set to continue to go up until they match global levels, said Assistant General Secretary for Industrial Research and Investment Promotion at the Gulf Organisation for Industrial Consulting (GOIC). Property demand in Qatar is currently exceeding supply by 20 per cent, the Peninsula added.
Dr Lulwa Al Missned putting the recent increase in property prices into perspective, said: "While property prices are rising, real estate is still cheaper in the GCC than in Europe".
Ahmed Dhaif, Assistant Secretary General for Information Technology at GOIC, agreed that the property boom would continue through next year and also felt there was a need for the Qatari governments to take proactive role on this aspect.
