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.
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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.
VB22 VB23: Changing the Skyline of Qatar
Gulf Cooperation Council (GCC) countries are racing in competition to construct tall buildings and the highest buildings in the world. These structures are a source of national pride and cultural identity facilitated by economic prosperity. For instance, the urban landscape in the Qatari capital is changing drastically and evolving for the last few years, we have witnessed in this thriving urban modern environment the emergence of different districts, which have distinguished Doha with a striking futuristic skyline.
Tallest Tower in Qatar
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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.