Lower real estate investment market in after the siege and rising food prices

Still the consequences of cutting the four States for combating terrorism diplomatic ties with Doha overshadow the Qatari economy, rising food prices and negatively affected the real estate market for several years, as well as the demobilization of child labor in the absence of the ability of companies to pay salaries.

According to the "Reuters", the province has caused a drop in imports of Doha, more than one-third
in June, prompting some commodity prices to rise, and affected the confidence of companies
in the Qatari economy.

These indicators have emerged in the inflation figures for the month of July, as the food and beverage prices rose 4.5 per cent from its level a year ago, to record the fastest pace of increase since 2014 at least from an increase of 2.4 per cent in June.

The Food and Beverage prices increased by 4.2 per cent lower than in the previous month, the import of many dairy products and other perishable food across the Saudi border and at present should be imported by air or shipped longer distances.

The costs of housing and utilities fell 3.6 percent in July from a year ago in the biggest drop since at least several years, and landed at 0.6 per cent of the level of the previous month, those costs began to fall in the early of this year declined 2.9 percent in June from its level a year ago.
Gulf banks started withdrawal of deposits and loans from Qatar, which will reduce the liquidity in the banking sector, while the alleged that citizens of the three countries offer the sale of real estate investments, which would be a negative development country real estate market.

No official data show building permits issued in the months of June and July, a change in the general direction of the market, but there is a lag between the submission of applications for permits and approvals, therefore, the impact of sanctions may appear later, some construction firms that had obtained permits to postpone the implementation of the projects.

In the same context, the expatriate workers in Qatar faces additional hardship, with the disruption of the delivery schedules for the projects for the 2022 World Cup finals, as some could face forced retrenchments in the current time.

Such a burden on some workers from places like India and Nepal who get in the habit of 800 riyals (219.78 dollars) per month, representing some 90 per cent of the population of 2.7 million people in Qatar.

Last week, dozens of workers were informed the Indians and Africans in the hotels in Doha to take long leave, unpaid leave and return to their country because of low occupancy rates.
The hotel manager said in Doha refused to publish his name or the name of his company "our rooms were filled harmed in the weekends, but they do not come now to Qatar. Could not keep workers to clean the rooms."

While Mustafa Qadri, a researcher in the affairs of migrant labor in the Gulf, and that any interruption in the supply of construction materials could disrupt the projects and makes migrant workers vulnerable to exploitation.

In an Indian restaurant near the airport of Doha, the WAITER Jabbash Avsal said that high prices hurt actively the restaurant, pointing out that "the fish prices rose. If we raised our prices, it will be difficult for the clients". He said workers from Bangladesh, the Director informed him that his salary may be delayed to the next month because the company's inventory of steel began to run out, the company was the steel imports from the United Arab Emirates before the crisis.

According to the "Reuters" Agency, human rights groups said that some of the expatriates in Qatar are still working in conditions that do not have access to water or shelter from the sun.


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