Doha: Qatar’s office space witnesses a positive impact with the expansion of state-of-the-art infrastructures built to be utilised by various companies in the region. According to Saakin, a fastest-enhancing real estate researcher, the demand for office space in Qatar is set to grow this year with enthralling features and world-class facilities that fit every office room.
The report states that with the developing areas and modern locations in Qatar, the supplies for office rooms are in high demand resulting in an increased number of clients flowing to the Gulf State. The Middle Eastern hub has also become one of the finest destinations for all types of work with regular and expanding projects in the region.
Projects related to leasing commercial properties for residencies, office, and other real estate purposes have escalated in the previous years due to the international tournaments held in Qatar and is expected to soar as the country is limbering to host several other upcoming events and is also a hotspot for tourism. The report said that “These tendencies improve the strength of commercial real estate and workouts within Qatar. Moreover, forthcoming buyers can scour the investment chances and prospects in entire projects and properties. It is even a good chance for commercial movements and investment experiences.”
Numerous locations across the country have diverse spots for all types of organisations suiting their needs and budget, the report noted. West Bay for example varies between QR80 and QR120 per sq. m. On the other hand, Lusail with the same office type offers between QR65 and QR120 sq. m. Various projects to lease office spaces are being carried out in these areas expanding it into a significant business hub. “In West Bay and Lusail, shell-and-core office rental price is between QR70 and QR100 per sqm per month, and in Doha, they can be rented for as little as QR50 per sqm every month”, the report added.
