Qatar Real Estate News
Qatar property boom may continue for next couple of years
The Regional Manager of World Trade Center (WTC), Chadi Abou Daher, who welcomed the delegates attending the Qatar Property Investment Forum on Monday and Tuesday, hosted by WTC, addressed the opening session, and mentioned that Qatar has emerged as one among the most attractive real estate markets, and hoped that the forum would continue to be a yearly platform that throws light into the recent trends in the emerging markets of Gulf region, and Qatar in particular.
The President of The Land Holding, Bahjat, while addressing the gathering, said that the launch of Forum has been appropriately timed, and is coincidental, as the market is enjoying tremendous growth and the prospects are quite re-assuring. However, he emphasized the need to adopt the best international practices, and playing a major role in shaping the future of our region.
The Real Estate Manager of Kuwait Financial Center, Molad Elia, while elaborating the sustainability of real estate market, mentioned that there has been an increased demand for real estate, which would continue until atleast 2010, as until then even the existing demand will not be met. The demand for housing has increased by 27 percent last year, and the growth sustainability is still high, and would continue to remain so for the next few years.
The Vice-President and Head of Real Estate, Chris Filinos, Merrill Lynch International, emphasized the need for property indices to help investors in their decision of investment. He added that the Real Estate Investment Trusts should be brought on par with international standards, as there are investments happening from different parts of the world.
The session concluded with a presentation on the Tarfeeh Entertainment City, a waterfront development, wherein the visitors, residents and families would get a feel of the right blend of old and new styles. The development is expected to come up shortly.
Posted on 2/12/2007
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