The United Nations Conference on Trade and Development (UNCTAD) has said in its report for 2006 that the demand-supply gap in the Qatari housing sector is not expected to narrow in the near term.
“In view of the economic recovery experienced by Qatar and the huge influx of expatriates, the residential sector is suffering from a serious shortage in supply at the present time. This has led to growing wealth and a remarkable rise in land prices and rents.” UNCTAD linked the high rents to the growing number of firms establishing businesses in Qatar resulting in a lack of office space and so driving rents higher and higher.
