THE REAL ESTATE MARKET IN QATAR


Mohammed AlHarmi
CEO

Golden Shell Real Estate

Over the past few years, Qatar began developing its infrastructure in various fields, including, roads, highways and internal neighbourhood streets. In addition, Qatar has developed its educational sector and established a large number of schools, universities and colleges, as well as improving the development of the medical sector in its various fields, such as the establishment of hospitals and health centres with proper distribution according to population density.

As we know, the sports field has been a focal point of development, as the state, represented by its Amir, Sheikh Tamim bin Hamad bin Khalifa Al Thani, may God protect him, has created a large number of sporting facilities for various sports,, which has resulted in Qatar hosting numerous sporting events, leading up to the largest sporting event in the world, the 2022 FIFA World Cup. This, as well as other factors, has led to an increase in the population as well; all of which has helped in the recovery of the local real estate market.

Thanks to the development and availability of multiple facilities in emerging areas, we have noticed a rise in housing plan strategies, as residents living in areas beyond Doha are looking for the ease and availability of services, whether they are health, educational or sports related. Whether in the southern, northern or western parts of the country, these facilities and services are now widely available, with these developments aiding in creating a flourishing real estate market.

Analysis of the real estate market in Qatar states that prices in the current months are witnessing stability or an increase, thanks to the great demand from real estate buyers, whether for housing or investment. We can also see that the current urban expansion is caused by the high demand.

Accordingly, we believe that the stability or increase in real estate prices will continue, thanks to the abundance of services in Qatar in line with Qatar Vision 2030, which opens doors for foreign investors who can buy and own real estate units in different areas and obtain permanent residence.

In conclusion, Qatari and foreign investors should understand that prices, according to our forecast, will witness relative stability, followed by a rise, due to the increase in demand for renting or buying real estate.

According to the rule of supply and demand, the real estate market in Qatar is considered to be one of the strongest markets in the region, due to the stability and the increase in price trends, demand and attractiveness by many local and foreign investors. Prices and transactions are on the rise, as evident by the weekly bulletin issued by the Ministry of Justice.

This article was published as part of the seventh edition of Property Finder Qatar’s Trends Report.