Office Space in Qatar
With an economy largely based on oil and natural gas, the State of Qatar is located in the Persian Gulf and is seen as one of the major financial centres of the Middle East. Currently the government is looking to reduce its dependence on the oil sector and has taken steps to move into the tourism industry which has resulted in an increase in the country’s population. This factor along with Qatar’s selection to host the 2022 FIFA World Cup has led to a considerable rise in real estate prices in the country especially in the capital city, Doha.
Much of the office space in the capital’s central business district (CBD) is occupied by the public sector. However with the decrease in oil prices, demand for office space in the area has also decreased. Companies in the private sector are mostly looking to set up in smaller spaces (preferably around 3000 square feet) and in this regard serviced office space in Doha offers an ideal solution.
Normally situated in Grade A buildings in the CBD, these managed facilities are conveniently close to major roads, five-star hotels, luxury apartments, shopping malls and tourist attractions. A range of office sizes are available with multiple amenities and services including conference rooms, shared workspaces, executive lounges, broadband internet, administration support and VOIP telephony.
Over 3 million square feet of brand new office space is expected to be added in the CBD over the next 18 months which will further increase the supply and drive rentals down.