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Rents are at an all time high in Doha where a one bedroom apartment can range anywhere from $2,000 to $4,000 per month.
By 2010 Qatar aims to increase the number of tourists who visit the emirate to 1.5m visitors per year, while at the same time lengthening the average stay from 1.5 to four days.
The Qatari banking sector's results for 2006 illustrate excellent growth rates with total assets reaching $2.5bn.
Qatar's GDP rose to a record high of $52.7bn in 2006, registering a nominal growth of 24.2% over the previous year while its GDP per capita rose to a record level of $62,914, giving Qatar the highest GDP per capita in the Middle East and among the wealthiest countries in the world.
At QR65.71bn ($18.1bn), the Qatar 2007-2008 budget, published this month, is the largest in the Gulf state's history.
South Korea and Malaysia have their eyes firmly set on increasing trade ties with Qatari businesses.

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