Doha city rents are world's tenth most expensive
A recent study has found the Qatari capital, ahead of American cities and Singapore, is the world's tenth most expensive city to rent a house in
Doha has been declared the world's tenth most expensive city to rent a home in, putting it ahead of global capitals such as Singapore, Zurich and Washington DC.
A new study examining the global mid-year cost of living for 2015 through various indices ranked Doha in the #205 spot for its overall living costs.
The study, by Numbeo, is based on user-contributed information, and uses figures from New York City (NYC), which has been given a base score of 100, as a benchmark.
The cost of daily living in Doha was found to be equivalent to 73% of the same costs in NYC.
Doha’s figures include 1,236 entries over 18 months from 174 contributors who submitted costs for all their regular outgoings.
Accommodation rent significantly increased the cost of living in Doha, where an average one-bedroom apartment in the city center costs up to $2,422 (QAR8,816), and three-bedroom apartments cost $4,354 (QAR15,851). Doha residents' spending on rent comprises more than 52% of their montly expenses, the report added.
According to Numbeo’s figures, the cost of renting a one-bedroom apartment in the city has risen 233%, from $726 (QAR2,645) in 2010 to the current average of $2,422.
Rent for a three-bedroom apartment has more than doubled in price since 2010, from $2,101 (QAR7,650) to $4,354.
The top 15 most expensive cities in terms of rent, as per Numbeo's findings, are as follows: