Qatar Real Estate News
ADIH plans to tap the strong Qatar realty sector
Abu Dhabi Investment House (ADIH), an investment company, which was established in Abu Dhabi three years ago, is on its way to set up more ventures in Qatar, to take advantage of its massive liquidity and high per capita income.
The Chief Executive Officer of ADIH, Rashad Al Janahi, said that ADIH has been motivated by its mega Entertainment City to invest in the fast growing realty sector of Qatar.
Janahi revealed that his company and their local partners are moving ahead with the Dh.11bn Entertainment City, located at the heart of Lusail Development, in the north of Doha.
This, being one of the biggest projects by the company in the Gulf region, ADIH has kept aside $500mn fund to invest on the project. The infrastructure works have commenced, and the project will be carried out in phases. This project is hoped to be a major tourist attraction in Qatar, Janahi said.
He added that Qatar would continue to be a priority for ADIH due to its huge domestic liquidity, high per capita income and high demand for properties, which in-turn, would enable the company to generate good profits.
Speaking high about Qatar, Janahi said that it is a very promising and attractive investment market, and ADIH is planning another investment venture in the realty sector, which will be as big as, or bigger than, the Entertainment City. The company is on the look out for suitable partners in this project.
Established in 2005 in Abu Dhabi, the ADIH invests in real estate sector and other sectors in the Gulf region. In 2007, ADIH reported a leap to Dh.149mn in its profits, while it was just Dh.39mn in 2005. The assets of the company nearly tripled to Dh.714mn from Dh.266 during the same period.
Focusing on private equity, real estate, corporate finance, investment placement and asset management, ADIH also guides its clients about investments that deliver excellent performance in a regionally booming economy. Its team of professionals can assist clients in managing Initial Public Offerings (IPO) while also raising Private Equity.
Social Bookmarking
Read more news
> Registrar of Properties in Doha to begin operations next month
> Damac offers mega promotional campaign for its residential developments
> Realty developer The Land confident about its investments
> Qatar property sector sure to ride out global financial crisis
> Barwa unveils QR35bn Urjuan iconic development at Al Khor
> Estate Qatar 2008 to focus on long-term sustainability of real estate sector
> Residential villas of Al Waab City up for sale
> Qatar property market going through a silent phase
> Project delays, increased costs, defer development projects in Qatar
> Gulf property sector likely to suffer