Qatar Real Estate News
Real estate market in Al Khor witnesses sudden boom
Large numbers of Doha-based establishments and companies, apart from educational institutions, are seen shifting their base to Al Khor.
Due to the Urban Planning Development Authority (UPDA) plan to develop Al Khor as a model city, the charm of the city has contributed to increased real estate activities in Al Khor.
Following the announcement of the multi-billion dollar project in February, the real estate market in the town has witnessed a sudden boost, reports The Peninsula.
Due to the close proximity to the airport and the Doha port, most service companies in the oil sector that were earlier based in Doha, are seen either shifting their operations to Al Khor, or, opening new centers in the City.
The Qatar Foundation (QF) has already announced their decision to open a second Qatar Academy in Al Khor during September this year.
Two Indian Schools are also planning to open their campuses in the city. Due to this development, the likelihood of more number of families relocating to Al Khor is not far away. As of now, due to lack of ideal schools in the city, most employees working in the oil and gas sectors are compelled to stay in Doha. With the opening of these new schools, these employees can shift with their families to Al Khor.
The UPDA has announced that the land utilitiy in Al Khor will be on the basis of strict regulations. Al Khor will be developed by UPDA keeping in mind, its growth for the next 25 years. The master plan will take into consideration the cultural heritage of the city.
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