The State of Qatar is currently one of the top destinations of the world. It is attracting people from all around the globe for various reasons. It is a hub to the world’s businessman, engineers, athletes, multinational companies, banks, diplomats, etc. All of these factors and many others have led to a big evolution in Qatar’s real estate market.
Category Archives: Qatar Real Estate
Qatar Real Estate Prospects
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.
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The State of Qatar is an example of how innovation, progress and development should be in real estate.
Moving step by step over the years, it has become today a world-class destination attracting all kinds of investors, multinationals, artists, and now awaiting to be hosting the World Cup in 2022. This all has contributed in a booming in the real estate market.
The Pearl leads Doha’s Real Estate Sector, National Economy to Peak
In mid-2013, the International Monetary Fund expected the property market in Qatar to remain steadfast and robust in 2014, especially as real GDP growth rate was projected to reach 5%.
The Pearl Qatar: How Qatar’s Man-Made Island Impacted its Whole Urban Development
Extending over 400 hectares of land (4 million square meters) of reclaimed land and 32 kilometers of coastline, The Pearl Qatar is a 12 billion-dollar mega development by United Development Company (UDC), naturally, the company’s flagship project, and one that has reshaped the state’s urban structure. Located in a prime area 350 meters offshore of Doha’s West Bay, The Pearl Qatar is a man-made island that hosts a luxurious mix of residential, office and entertainment outlets.
Apartments for Sale in Doha, Qatar
Qatar is currently one of the richest countries in the world. Many foreigners are at the time being relocating to Qatar, working in different areas such as the oil and gas industries or infrastructure projects as the country prepares itself to host the 2022 FIFA World Cup. This being said, it is obvious that with this increasing trend, the real estate market is in an ever-growing evolution with clients seeking luxurious apartments and property for sale.
Tallest Tower in Qatar
In November 2012, Qatari Diar announced it was accepting bids for the construction of what it announced would make the world’s tallest tower in Qatar, the 112-storey Doha Convention Center and Tower – for which plans had been initially held off due to concerns over the tallest tower disrupting airplane traffic at the Doha international Airport.
Qatar Real Estate Reel: How the Real Estate Sector has Evolved Over the Years
It was in 2008 that Euromoney magazine released a report under the title: “Qatar: a burgeoning real estate sector”. “The boom in Qatar real estate market that has been an inevitable by-product of the spectacular growth of the economy in recent years and the surge in demand for residential as well as commercial property that has emerged as a result,” read the subhead for the report, which attributed the “boom” to several success factors; in June 2004, Qatar was among the first to overturn 1963’s Law number 5 – which prohibited non-Qataris from owning land – and allow non-Qataris to own property in Pearl Island, West Bay Lagoon, and Al Khor resort.
Real Estate Economy Booming in Qatar
At a time when the world’s magnates are making bashful investments in unrest-swept Middle East, Qatar still has not disgruntled speculators and real estate fanciers, to whom this land of the Gulf is the safe haven for their lucrative projects.