When people think about investing in real estate in Qatar, it is usually apartments and villas that come top-of-mind.
Recently, residential property investors have faced challenges in Doha because of competition for long-term tenants. With high vacancies in the market, it can take some time to fill in apartments. Additionally, rents have stayed stagnant overall. In Lusail, apartment rents have fallen in Fox Hills and Marina District in Q4 2023.
If you are an investor, what this means is a much tighter yield. Yield is the annual income your property earns, measured against its capital value.
In The Pearl where the gross rental yield for a 1-bedroom apartment is 6.4%, the net yield falls to just 5.2% after deducting service charges. The yield after service charges for a 3-bedroom is at 4.1%.
Short-term leasing brings better returns
The best alternative to long-term residential leasing is short-term rental. Like a hotel, daily rates are higher compared to monthly rents. However, this requires an owner to maintain housekeeping and property management – a headache for many.
The Townhouses in The Pearl provides one of the most compelling offers for buyers looking into investing in the residential market in Doha.
The Townhouses is a one-of-a-kind collection of fully furnished and impeccably designed serviced apartments in Abraj Quartier, managed by a dedicated in-house team handling property management, housekeeping, and rental programs.
Check out this amazing 2-bedroom furnished apartment in Abraj Quartier at The Pearl, Doha: https://hapondo.qa/sale/doha/the-pearl/abraj-quartier/2-bedroom-furnished-apartment-6653
Here are 3 reasons why The Townhouses is worth considering as an addition to your real estate portfolio.
- Turn-key units with hotel amenities
At The Townhouses, every view is a sea view. Anyone who lives in The Townhouses wakes up to an excellent vista of the ocean and may choose to swim if they want to on its beachfront.
Several 2-bedroom and 3-bedroom units are for sale, all fully furnished and complete with amenities needed by either the owner who wishes to live here or hotel guests.
But that is not even the best part. Located adjacent to The Hilton Doha The Pearl Hotel, owners of The Townhouses units enjoy privileged access to the Hilton Hotel’s amenities and facilities:
- Private beach
- Swimming pool
- 24-hour fitness center
- Kids’ club
- Two restaurants, a gastropub, and a pool bar
The Hilton Hotel provides The Townhouses guests and owners with lifestyle services such as childcare, chauffeur, bell and door attendance services, concierge, fitness instructors, spa treatments, and in-residence fine dining. The Hilton also extends daily housekeeping, laundry, dry-cleaning, comprehensive maintenance services, and security.
- A dedicated property management & tenant management team
It is rare for properties to have a dedicated team to manage guests. From technical problems to housekeeping, tenant management is a tedious task for owners to handle.
As an owner, you can enroll your unit into The Townhouses’ property management and rental program and let the experts handle the day-to-day affairs of tenants and guests.
- With its beachfront, it enjoys high occupancy
Leased units at The Townhouses enjoy high occupancy rates throughout the year and tend to earn twice more monthly than apartments in The Pearl. During peak season, the returns on owning The Townhouses far exceed the average yield in the area, making it an attractive option for buyers who want to recover their investments at a faster pace.
Check out the available units at The Townhouses through dana@leenestate.com or +97470774774