Qatar Real Estate - Property Sale & Rent
Ever since oil was discovered in Qatar in the 1940s this formerly economically weak fishing & pearling region has gone from strength to strength economically and currently boasts an economy & standard of living at par with most of the contemporary nations.
Positioned in the Arabian Peninsular and bordering Saudi Arabia to the South, the Emirate is otherwise bounded by the Persian Gulf and is self-governing and has been so since the early 1970’s. It does not form part of the United Arab Emirates and has not become part of Saudi Arabia.
Qatar is the hottest buzz word in up-and-coming property markets and savoir-faire investors are looking UP to the region to offer has been affording the world in recent years more of the incredible opportunities Dubai. Global confidence in Dubai Market has strengthened the fledgling investment property market in Qatar, resulting in the property market boom in Qatar.
The Pearl Qatar is one of the most remarkable and imposing developments. This man made island development is estimated to cost around $2.5 billion and is by far the largest property development being undertaken in Qatar. The second phase of the development was released in March 2005 to much anticipation. The Pearl Project post completion will form a 4-million sqm island home to around 30,000 people in an array of luxury and stunningly designed villas, town houses and apartments.
The Pearl will also feature hotels, restaurants, shops and boutiques as well as a 700 berth international yachting hub and the first homes are due for completion in 2007.
The consequence of this development should not be ignored, it will lift the profile of the Emirate, significantly improve and boost tourism numbers, the appeal of this location will become known globally and as a result the aspiration for freehold property in Qatar will strengthen which will lead to an ever escalation of the property market.
Looking to the Middle East region for the latest property hotspots or interested in diversifying your investment portfolio? If yes then it may well be time to consider the up-and-coming property market in Qatar.
Qatar Real Estate News
Registrar of Properties in Doha to begin operations next month
The Registrar and monitor of properties purchased by foreigners on an ownership basis within the country will commence operations from early next month.
Damac offers mega promotional campaign for its residential developments
Damac Properties has unveiled a mega promotional campaign for its residential development Piazza 2, The Terrace and Garden Heights at Lusail.
Realty developer The Land confident about its investments
A major realty developer in Qatar, The Land, which owns $2bn worth investments to its credit, within the country, has expressed confidence in the growing economy of Qatar, and in its ability to attract global investments.
Qatar property sector sure to ride out global financial crisis
Qatar, being an energy-rich country, which diligently utilizes its resources, is on its path towards development, is an emerging economy, said Max Thorne, the Vice-President (development for Africa, Europe and Middle East) at BridgeStreet Worldwide, a leading operator of corporate housing and serviced apartments.
Barwa unveils QR35bn Urjuan iconic development at Al Khor
Barwa Al Khor, a subsidiary of Barwa Real Estate, announced launch of their flagship project, the QR35bn Urjuan at Al Khor.
Estate Qatar 2008 to focus on long-term sustainability of real estate sector
The second edition of Estate Qatar 2008: Qatar Property Investment Forum will be held at the Ritz Carlton Hotel on 26th and 27th November 2008, under the patronage of Prime Minister of the State of Qatar, HH Shaikh Hamad Bin Jassim Bin Jabr Al Thani.
Residential villas of Al Waab City up for sale
The Chief Executive Officer of Al Waab City, Sheikha Hanadi Nasser bin Khaled al-Thani, is all set for the private sales launch of the most prestigious residential units at the Al Wa’ab City, and have invited top Qatari women to join her in this endeavor.
Qatar property market going through a silent phase
Owing to the global financial crisis, the real estate market in Qatar has remained inactive over the past couple of weeks, according to few agents.
Project delays, increased costs, defer development projects in Qatar
The rapid economic growth in Qatar has resulted in shortage of material and restricted access, leading to costly delays and considerable hike in contracting costs, says Khalil Sholy, the President and Managing Director, United Development Company (UDC).
Gulf property sector likely to suffer
With the worsening financing conditions for real estate projects, few major projects may come to a halt in the Gulf Arab region, said a leading banker, also the Group Head of Dubai Islamic Bank, Khaled al-Kamda.
Landlord-tenant disputes henceforth to be solved by newly appointed panels
Landlords and tenants can now file their disputes to committees entitled to settle their rental disputes, as these committees have been endorsed by HH, the Emir, Sheikh Hamad bin Khalifa Al-Thani, under a cabinet decision.
Qatar rated as next emerging realty sector in GCC
A study by Jones Lang LaSalle (JLL), a leading financial and professional services firm, states that Qatar has been rated as the next growing real estate market in the GCC.
The Land to deliver the first of its 17 luxury towers at The Pearl Qatar by June
A major real estate developer in the region, The Land, will handover the first of its 17 waterfront towers at The Pearl-Qatar before June next year.
The true traditional-modern blend, 'W Doha' at West Bay, awaits launch
The W Doha at West Bay, which incorporates features that draw inspiration from a traditional mosque, will be unveiled to public shortly.
Office space in Qatar to rise 150 percent by 2009
With several new offices entering Qatar, the office spaces in Qatar, much like housing, are bound to increase 150 percent towards 2009, say recent studies.
Barwa issues stringent guidelines for its tenants
Prospective tenants of Barwa low-rent housing have been issued stringent guidelines by Barwa Real Estate Company, regarding use and maintenance of the property.
Qatari Diar launches new subsidiary for Lusail project
A new subsidiary has been launched by Qatari Diar Real Estate Investment Company, dedicated to the construction, development and ongoing operations of its flagship Lusail project.
Qsi launches mixed-use development in Qatar
The Qatar Sports Investments (QSi) has launched a mixed use residential and commercial development, namely the Al Khaleej project.
UDC awards QACC with a second project contract at Viva Bahriya
A subsidiary of Arabian Construction Company (ACC), QACC, has been awarded with $142mn contract for construction of residential buildings at the Viva Bahriya district of the Pearl Qatar.
Better Buildings concept suggested for better environmental sustainability
A United Nations Agency has requested Qatar to tackle the wastage of energy and water by adopting stringent environmental measures during the current high-rise construction boom in the country.
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