Real Estate

A steady decline in sale and rent prices since 2016 was accelerated in 2020 amid the Covid-19 pandemic, which led to strong activity in property transactions. The lower prices – reflected in various indices – was not seen as cause for alarm in the sector, however, but a welcome market correction that is allowing Qatari properties to compete with other GCC markets on value. Healthy property trade continued into 2021. While the total value of real estate transactions was lower in 2021 than in 2020, the volume was higher. This was supported by new government rules on foreign property ownership and sustained low interest rates on mortgages.

This chapter contains an interview with Sheikh Nasser bin Abdulrahman Al Thani, Managing Director, Quetaifan Projects.