(MENAFN- The Peninsula)
Sachin Kumar/ The Peninsula
When it comes to searching properties for residential villas and apartments, The Pearl-Qatar is the most sought after destination for residents. According to ‘Trends- Qatar Real Estate Market Report' for 2020 by Property Finder, The Pearl-Qatar has emerged on top of the list of searches for apartment for sale and rents in 2020. West Bay, Lusail City, Al Waab, Al Sadd, Gharrafa are other areas which were among the top searches by property buyers.
'It comes as no surprise that The Pearl remains the top searched area when it comes to apartment rentals in Qatar, especially as more units become available, and prices continue to drop, said the report. 'As one of the most in demand areas in the country, it has dominated almost 27 percent of all searches for apartment rentals in 2020. Different neighbourhoods in Lusail have also gained popularity, with Fox Hills, Lusail City and Marina District all gaining traction, added the report.
Apart from rental apartments, the fascination for The Pearl-Qatar remained strong apartment for sale. The man-made island accounted for over 60 percent of the searches in last year regarding apartments for sale.
'Once again, we see The Pearl topping the list for most searched areas when it comes to apartments for sale, registering over 60 percent of searches in 2020. While West Bay also remains a popular area for those looking to invest in apartments, districts in Lusail are quickly gaining popularity. Fereej Bin Mahmoud is a new addition to this list, and this is a direct result of the new property ownership laws, which include this area, noted the report.
'The massive interest in properties in The Pearl also applies to villas for sale, which is why the man-made island also commands the top spot for villa sale searches. Al Waab was the second most searched area for villa sale searches in 2020, overtaking Al Thumama. Interest in villa sale searches has increased over the last year, with the introduction of the new property ownership laws, added the report.
Al Waab emerged as the top searched area for villa rentals as it accounted for almost 15 percent of all searches in this category. Gharrafa and Ain Khaled have moved up to take the second and third spots, which is most likely due to an influx of new units in both areas, which are also very popular with families.
Regarding apartments for rent, West Bay, Al Sadd, Fereej Bin Mahmoud, Old Airport Road, Al Mansoura, Musheireb and Fereej Bin Omran were other areas which were among the top searched areas while for apartments for sale, West Bay, Lusail City, Fox Hills, Marina District and Al Sadd were among top searches.
According to the company data, phone leads continue to be the most popular lead type, with the majority of leads being recorded on Saturday, Sunday, and Monday, and then steadily subside throughout the week.
MENAFN07032021000063011010ID1101712119
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.