REAL ESTATE REVIEW RESIDENTIAL
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QATAR’S BOOMING MARKET
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ith one of the most stable economies not only in the Middle East, but also in the world, Qatar’s real estate sector has certainly contributed to this success. The property industry recently received a boost from a successful World Cup 2022 bid, with the government committing itself to many real estate and infrastructure projects that are either being planned, underway or completed.
Yet even prior to the announcement of the World Cup 2022, the country consistently posted one of the highest gross domestic products (GDP) in the world. In 2012, Forbes reported Qatar’s per capita earnings as the highest in the world, an important factor for investors who realise this will mean significant continued infrastructure development. Qatar’s aspirations and plans to build public facilities, a railway network, educational, and health and sporting facilities, as well as accommodation
for the many expatriate workers, all scheduled for completion within a 10-year period, makes the country even more attractive for investors as there is extremely good growth potential in the next decade and beyond with the National Vision 2030. DOHA’S SUCCESS STORY According to recent reports, rental rates in both Qatar’s residential and office markets have remained stable with minor changes from the fourth quarter of
INSIDE: QATAR’S MOST PREMiuM PROPERTy LiSTinGS!