Qatar Real Estate
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
World Cup 2022 brings in huge positive impact on Qatar property market
1/2/2012
The impact of the forthcoming 2022 World Cup is huge on Qatar real estate market, and will continue to be so, say analysts.
Overseas investors benefitted from stable rentals in Qatar
24/1/2012
Overseas Property investors have benefited from stable residential rents in Qatar during the fourth quarter of 2011, as this has led to growth in property transactions and inquiries, said a new report from Asteco, leading international consultancy.
Master-planners appointed for Seef Lusail Waterfront
24/1/2012
The 600,000 sqm multi-purpose development, Seef Lusail, located at the Lusail Waterfront, has appointed DP Architects as master-planners for the project.
Qatar housing rentals stable in fourth quarter of 2011
18/1/2012
Qatar residential rental rates were broadly stable across all locations in the fourth quarter of last year.
Mazaya Qatar awards QR473mn Sinohydro deal for Sidra Village project
18/1/2012
Mazaya Qatar Real Estate Development Company has awarded QR473mn worth Sinohydro contract for construction of Sidra Village project.
$10bn worth real estate projects planned for launch in Qatar
3/1/2012
Property sector in Qatar is likely to witness the launch of $10bn worth projects over the next few years, with the continuing demand-supply gap.
Major demand for retail space at Barwa Sayer development
13/12/2011
The Barwa Commercial Avenue is making good progress with its development phases well underway.
New supplies likely to push down rentals in Qatari market
23/11/2011
Qatari residential market is likely to see decline in rentals, with another 15,000 new homes entering the market shortly, the real estate experts predicted in Qatar.
Qatar residential market stable during second quarter 2011
8/11/2011
The residential market in Qatar appears to have been stable during the second quarter of 2011, while the commercial sector has seen rental declines over the medium term, said the latest report by Global Investment House.
Real Estate constitute 60percent of Awqaf assets in Qatar
27/9/2011An economist at the General Directorate of Endowments, when speaking during a workshop on Management and Investment of Awqaf Money, mentioned that real estate constitutes nearly 60percent of Awqaf (endowments) assets in Qatar, while shares and capital in joint venture companies like Aqar Real Estate Development and Investment Company and Al-Jazeera Finance Company constitute the rest.
QDB completes second phase of housing project
22/9/2011The Qatar Development Bank (QDB) has completed its second phase of free pre-cast housing project in Al-Duhail locality, the Ministry of Social Affairs in Qatar revealed.
Infrastructure works on Lusail City project nears completion
23/8/2011The Al Jaber Group of Companies (AJC), based in Abu Dhabi, also one of the leading infrastructure and energy contractors is almost completing its major Lusail City Development Project.
Qatar housing market to record growth in view of 2022 World Cup
19/7/2011Qatar is likely to witness strong growth potential in its residential property market, prior to hosting of 2022 FIFA World Cup, despite the low activity levels at present, according to latest Asteco report.
Realty sector shows strong recovery due to improved credit offers
12/7/2011The total credit extended to real estate sector in Qatar, grew by 53% year-on-year in May, indicating a strong recovery in the sector.
Banks opening up to real estate sector in a big way
4/7/2011Banks in Qatar are now open towards issuing credit for real estate investments in a big way.
Qatar Airways, Barwa Real Estate, sign biggest deal in realty market
21/6/2011Qatar Airways, the national carrier of Qatar has entered into a deal with Barwa Real Estate to rent the Barwa City for QR7.
Soaring prices of building materials to pose challenge for Qatar
10/5/2011Qatar may have to grapple with soaring prices of building materials, together with shortage of skilled labour, as it embarks on new ambitious infrastructure programme for hosting of 2022 FIFA World Cup, say experts.
Doha Festival City Phase One construction to begin next month
29/3/2011The construction of state-of-the-art Doha Festival City worth QR6bn will begin next month.
New real estate law hoped to bring about market stability
21/3/2011According to leading realtors and businessmen, the proposed law, which aims to organize the real estate brokerage law, will help in bringing about stability to the market, and can regulate the prices, which has been recently surging owing to operations by unlicensed agents and middlemen.
Property transactions in Qatar hits an all-time low
14/3/2011Property transactions in Qatar declined drastically from the start of this year, wherein, it fell from QR2.