A recent report stated that the Qatar real estate has benefited from foreign investors purchasing residential units, capitalizing primarily and predominantly on demand by Qatar expatriates who live and work in the country. The same expert report, voiced that this trend is not going to dramatically change in the near future. Currently, the Qatar real estate market, offering a huge supply of apartments for sale in Doha, has attracted investors from around the region in districts that permit foreign freehold in Qatar properties. A clear instance is seen in the number of residential towers at The Pearl Qatar being developed by regional companies. Other projects from example, have also drew leverage from foreign investment, again mainly from developers within the GCC region.
In the case of Emirati companies, they are capitalizing on their learnings in their own market and wanting to benefit from market advantages leveraged in Qatar. In this line, renowned key developers are already marking out a presence in Qatar, with many companies progressing on their residential properties in Doha. A number of large-scale properties in Doha, that are either completed or being built are appealing to both locals and expatriates including Pearl Qatar, and other districts. It is probably the case that a number of new developments such as the Pearl Qatar and Msheireb do have local heritage at the heart of their vision.
What is market-appealing for regional companies is in fact, the core mission of the Qataris themselves. The Qatar real estate sector is viewed as a key driver for the economy diversification policy adopted by the Government of Qatar, helping to energize the Doha properties market. In fact, Qatar invests an overwhelming 80% chunk of its national income in cash generating investments, that can create job opportunities and developing infrastructure in Doha. From the total, 20% are injected in the Qatar real estate sector that might be considered as speculative investments. With this policy enforced, the Doha real estate market possesses a competitive advantage over its neighbors also involved in a race to develop their own property market.
The Qatar real estate market with its genuine leverage over GCC counterparts, offers safe investment environment for developers and investors alike. The Government is keen on developing and facilitating the Qatar real estate sector’s expansion, targeting to have a distinct branding positioning for the country. With that also in sight, Qatar has a wider strategic vision that will see the Qatar real estate market, planning to invest over USD200 billion in the next 10 years in construction projects, signaling immense opportunities for real estate developers. In this vision, many Qatar companies are investing to help realize this positioning desired by the Qatar government. In this line, Qatar Coral, is aggressive on pursuing strategic and vital real estate investments, with its latest projects VB22 and VB23 at the Pearl Qatar that could contribute to the whole image of the Qatar real estate market.