During June 2016, Qatar’s inflation rate was posted at 2.5%, the lowest since the end of 2015, although, according to the Ministry of Planning Development and Statistics (MDPS), inflation is expected to pick up to around 3.4% during 2016 overall.
As per the Qatar Economic Outlook, the country is poised to grow at around 3.6% growth (real terms) during 2016 – 2018. This is supported by continued public spending, private construction activities and sustained population growth.
Prime office rentals have declined by an average of 6% over the last six months and 8% year-on-year. This reflects the emergence of weaker demand fundamentals from government entities and oil and gas companies.
Average residential rentals have declined by around 2% over the last six months and 4% year-on-year. However, prime properties in locations such as Pearl Qatar and other individual properties have seen more significant declines during this period.