Rents for office space across the Qatari capital have come down by around 20-25% in the past few months on lower supplies and slackening demand.

The Peninsula daily reports that supply of shops is still scarce, particularly in downtown Doha, where large-scale demolition of old buildings has led to a severe shortage.

Real estate market experts reveal that office space on the prime C and D Ring Roads in the city, which were once commanding rents between QR240 ($66) and QR260 ($71) per square metre in the pre-recession days; the rates are now down to between QR180 ($50) and QR200 ($55).

However rents for office space in West Bay, the most prestigious business address in Doha, remain relatively higher, despite some recent correction, the newspaper added.