With the fall in oil prices underlining the dangers of an over reliance on hydrocarbons revenues, Qatar has continued to forge ahead with its economic diversification drive in 2016. Non-hydrocarbons growth now outstrips hydrocarbons growth, with several big-ticket construction projects, an increasingly dynamic financial services sector and a growing reputation as a tourist destination all fuelling non-oil expansion.
In 2014 Qatar’s real estate market officially surpassed its 2008 highs, with rapid expansion driven by a growing population, shrinking average household sizes and a shortage of available units in the residential sector. This expansion has not been painless, with rental and land price inflation putting the market, and wider economy, at risk of...
With Qatari residents benefitting from one of the world’s highest levels of GDP per capita, and enjoying the resultant disposable income, demand for new retail space has reached historic highs. The retail segment is set to welcome more than 1m sq metres of net leasable area (NLA) before 2020, adding much-needed space to a fast-growing market,...
Given the ongoing growth in the expatriate labour force, to what extent have developers shifted from selling properties to leasing them?
Property prices are on the up in Qatar, as are profits for listed real estate companies. Lending to the sector is also growing, with credit facilities worth $34.4bn at the end of 2014, the largest share of commercial banks’ loan book. The upward trajectory of residential rents is also gaining pace. After rising 7.9% y-o-y in August 2014, rents increased by 8.1% in September and 8.3% in October...
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