Qatar real estate market value would escalate in future owing to increasing population and government’s focus on infrastructure for FIFA World Cup 2022. Government’s National tourism Strategy 2030 focuses on increasing inbound tourism and increase contribution of tourism to Qatar’s GDP.
Government’s keen interest in diversifying Qatar’s economy into various fields like finance, transportation, trade and tourism would aid in sustaining economic growth of the country.
Qatar real estate market is expanding owing to high immigrant population, economic diversification and infrastructure development for preparation of FIFA World Cup 2022. Real estate sector is likely to have strong linkages with the economic growth and as the Qatar’s economy is poised to grow further, the real estate sector is anticipated to witness a bright outlook in upcoming years. The government of Qatar is shifting country’s focus from an oil-based economy to a diversified-economy. The economic diversification has made Qatar an attractive market for many companies to invest in Qatar and increase Foreign Direct Investments. Increasing number of companies has aided both commercial as well as residential market by increasing the number of job opportunities, thus increasing the immigrant population surging demand of residence.
Qatar’s focus on FIFA World Cup 2022 and National Tourism Strategy 2030 have surged real estate construction in Qatar. It is anticipated that Qatar will welcome approximately 3.5 million visitors for FIFA World Cup 2022, aiding the hospitality segment. National Tourism Strategy 2030 focuses on expanding tourism industry by increasing the inbound tourism in the country. The main aim of the strategy is to make tourism a vital factor in Qatar’s GDP and welcome 10 million visitors a year by 2030. Many cultural sites, landmarks, museums and hotels are under-construction to aid the tourism sector in Qatar.
Easy credit rates, less government intervention, high disposable income and dominating population of immigrants are some other key factors that may have positive impact on the market creating additional and resale real estate demand in the future, according to the Analyst at Ken Research.
Ken Research in its latest study, Qatar Real Estate Market Outlook to 2021, suggests that residential real estate market will continue to dominate in Qatar owing to low interest rate environment, increasing expatriate population and inclining incomes. The commercial sector would grow on account of future diversified economy of Qatar. High disposable income of Qatar depicts people spend a lot on leisure and comfort and the retail market value has surged with increased retail supply and demand in the market. The hospitality market of a nation is driven by the inbound tourism and Qatar has inclined its focus towards increasing its tourism, expanding the hotel real estate market.
Qatar Real estate market is estimated to register a positive CAGR during 2016-2021. Future mega events like Athletic World Championship 2019, FIFA World Cup 2022 are expected to be key drivers for spiked demand in Qatar Real Estate Market. The report provides information on Qatar sales (by region) and rental (by residential, commercial, retail and hotel) real estate market, Doha real estate market, Qatar broker market, Qatar online real estate market, REITs in Qatar and covering major companies including Barwa Real Estate Company, Ezdan Holdings, United Development Company, Mazaya Qatar and First Qatar Real Estate Development.
Key Topics Covered in the Report:
Rent Flats in Qatar
Rent Property in Qatar
Doha Real Estate Market
Qatar Property Market
Qatar Real Estate Prices
Qatar Real Estate Market
Qatar Investment in Real Estate
Qatar Residential Real Estate Market
House Prices in Qatar
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Ankur Gupta, Head Marketing & Communications