Qatar Real Estate

Chapter | Real Estate from The Report: Qatar 2020

The real estate market in Qatar saw a boom between 2013 and 2017, and after some turbulence in recent years, has begun a period of recovery, with 2019 reflecting stabilisation. As developers continue to fulfil requirements for the 2022 FIFA World Cup, the real estate pipeline is likely to reach its peak between 2020 and 2022, after which new supply will fall back to earlier levels. There are...

Qatar has demonstrated considerable resilience in recent years, successfully developing new homegrown industries while at the same time strengthening its global ties. Although Covid-19 has introduced significant economic uncertainties in 2020, a rapid response from Qatar's authorities to curb the effects of the virus should stand the nation's economy in good stead over the medium and long term.

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Qatar is leveraging its resources to become a knowledge-based, diversified economy fuelled by a dynamic private sector. As such, the country is investing in strategic areas such as agriculture, services, and research and development to further move the economy away from its dependence on hydrocarbons and attract greater foreign direct investment.

 

Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban...

 

Although Qatar’s real estate sector is still experiencing the effects of the trade embargo imposed by some regional neighbours in 2017 as well as cyclical oil prices, the sector has begun to rebound, buoyed by continued government efforts to mitigate the economic consequences. The drop in oil prices in early 2020 amid the Covid-19 pandemic has...

 

What role do you expect public-private partnerships (PPPs) to play in the future?

Qatar has demonstrated considerable resilience in recent years, successfully developing new homegrown industries while at the same time strengthening its global ties. Although Covid-19 has introduced significant economic uncertainties in 2020, a rapid response from Qatar's authorities to curb the effects of the virus should stand the nation's economy in good stead over the medium and long term.

 

What impact will changes to foreign ownership regulations have on local property demand?

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