Rental rates in Qatar’s residential real-estate market remained stable for the second quarter of 2011, according to a report from Asteco, UAE-based property management company.

Rental rates on the $10bn Pearl-Qatar development remained stable from the first quarter of this year , with leasing rates on one-bedroom apartments averaging QR9,500 ($2,600) a month and three-bedrooms going for QR16,250 a month.

Asteco said in its Q2 Qatar Report that it expects activity on the Pearl development to increase in coming months as a number of new retail outlets are opened.

The commercial real-estate sector did not fare as well for the second quarter of the year, as rental rates recorded an overall decline of 3 per cent from the first quarter.