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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Qatar’s Top Buildings and Towers
The State of Qatar has long embarked on a journey of innovation and development. Its real estate projects have boomed in a significant way in the last 10 years or so.
The Pearl Qatar: How Qatar’s Man-Made Island Impacted its Whole Urban Development
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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.