Qatar Real Estate News
Causeway project to shoot up land prices and property demand
Shark Real Estate investors are said to have been heading towards north of the country, hoping to grab prime plots in the Qatar-Bahrain Causeway project, which is slated to come up there and is likely to generate a huge demand for commercial property.
According to real estate sources, the proposed multi-billion dollar causeway is expected to be one of the busiest routes in the region, as it will link Doha to Manama, and will make it easier for people to commute to Saudi Arabia from there.
Once the work on the project commences, prime plots along the route within Qatar will be in high demand, as they would be the potential sites for motels, shopping complexes, eateries and gas stations. The prices of land in a few townships in the north have already gone up by more than 10 percent, as various expressway and major road projects have been announced, reveal sources.
Talks of the upcoming Bahrain-Qatar Causeway is doing rounds in the real estate circles, and drawing attention of investors into the region. Sources suggest that one major cause behind the potential investors getting drawn to the area could be the presence of high-rise buildings. According to a source, the land prices began shooting up after the launch of the Causeway project.
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