Housing Inflation in Qatar

A common thread in conversations in Qatar and on Qatar Living forums is the price of accommodation. Despite the fact that many foreign workers earn low wages (by Western standards), the price of housing can be astronomical.

Proof of this came with today’s Gulf Times. Inflation in the first half of the year was 8.2%, but housing inflation stood at 17.4% for the six months to June 3.

For many people this problem is compounded by the depreciation of the dollar. As the Riyal is tied to the dollar, any fall in its value decreases the amount that can be saved in their own currency. In addition, many wages, especially government wages, are frozen.

Forunately many people have their accommodation provided for by the government or their company. Their are also rumours that people high up are very annoyed at the increase and rents, and that rents will come down after the Asian Games. If so housing prices may not beat the prevous years' increase of 27 percent!

See Cost of Living for more information on living costs in Qatar.

Qatar Resident's Guide

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