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Tuesday, November 27, 2007

Cost of Living in Qatar: Inflation, Rent and Pay Rises

Inflation has increased again in Qatar, largely due to rents which rose by nearly 30% in the period July - August, according to the Gulf Times yesterday.

Inflation has also been helped by the declining dollars, and these latest figures could help speed the demise of the doomed dollar peg.

Worryingly, the figures are higher than for neighbouring countries such as the UAE, which face many of the same problems.

Meanwhile, one expert has estimated that rental prices will continue to rise for another two years, after which supply should finally meet demand.

The message is clear for potential residents - make sure accommodation is included in your contract!

However, it's not all doom and gloom, according to rumour mongers, at least for public sector workers. The whisper is that Qatar will be following Dubai with a massive pay increase.

Dubai recently raised the pay for government workers by 70%. There is a lot of competition in the job market between Dubai and Doha, and rumours have been circulating suggesting that Qatar will follow with a pay rise of anything from 20% to 100%!


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