A surplus of homes and the aftershocks of the global economic crisis are hammering prices for rental and residential properties in Qatar’s capital city.

In a recent survey from the property firm Century 21 Qatar, apartment rental prices in some areas of Doha fell by 10% last month.

In the past 18 months, rental and housing prices have dropped between 20-60%, say several Doha property agents, as similar scenarios play out in other GCC cities such as Dubai and Kuwait City.

In a report released last September, Qatar Oman Investment found there were 15,000 unoccupied apartments across Doha.

The National