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White-collar influx to turn tables on rental returns

Business Doha 11 Jul 21
White-collar influx to turn tables on rental returns
White-collar influx to turn tables on rental returns in Qatar, according to a Qatari real estate company predictions.
Fee
Event Location
Qatar, Qatar
Area
Doha
Start Time
11 July 2021, 12:00 AM
End Time
31 July 2021, 12:00 AM
Website

Just Real Estate (JRE) is projecting a positive medium-to-long term outlook for Qatar’s residential and industrial real estate as the country heads for economic recovery.

The company says that tide seems to turn because of countdown to FIFA World Cup 2022, increased economic diversification with government incentives taking hold, mature investment vehicles on the horizon, and an anticipated influx of white-collar workers as the realization of the 2030 national vision nears.

JRE Chairman Eng. Nasser Al Ansari says one key positivity indicator is the projected influx of white-collar workers needed to service Qatar’s growing manufacturing, logistics, knowledge, events, and tourism industries.

“As we move towards 2030, we will see more industry and business developments within the healthcare, education, tourism and technology sectors. These newcomers will seek both rental and purchase housing options as well as leisure, service, and entertainment opportunities.

Developments, such as the sustainable urban Lusail City destination and its Lusail Seef waterfront, are among the solutions and are attracting interest from buyers and investors alike. And, with Qatar opening its property market to foreigners and rewarding investors with permanent residency, the residential market will likely move from a rental-based, to a sales-based economy,” said Al Ansari.
JRE also forecasts a spur in demand for industrial real estate, particularly warehousing and data centers, in response to the growth of Qatar’s manufacturing and logistics sectors.

Qatar is positioning itself as a regional logistics hub allowing foreign investors to import funds to finance the set-up, operation or expansion of projects and facilitating investment through a range of land and property options for offices and warehouses in the Manateq zones.

“We can envisage the non-residential sector emerging as the biggest revenue generator in the medium-to-long-terms providing Qataris with the highest potential investment opportunities,” said Al Ansari.

Qatar rental properties 2021 Qatar property news 2021Qatar real estate news 2021



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