Friday, September 21, 2018
Directory Directory Subscribe
Login
 

Qatar's real estate sector to see more growth

 
 

Please, enter data

Please, enter data

The Peninsula, 19 June 2018

Qatar’s real estate sector is expected to see more growth, especially in the beginning of next year, due to various factors, including the government support and legislative changes on the ownership of properties by foreign investors, which is likely to encourage investments in this sector.

“The Qatari real state sector witnessed some decline from the middle of 2017 but still the value of transactions remains almost the same,” said Khalifa Al Maslamani, a Qatari real estate expert.

“The monthly value of sales is currently around QR1bn, and the weekly transaction value is between QR250m and QR300m,” Al Maslamani said.

“There are many ongoing projects in the country, and from time to time the government keeps announcing new projects worth hundreds of millions. These new projects are going to create additional demand for the construction sector which means the real state sector will continue to grow,” he added. There are many ongoing projects, especially the ones related to World Cup 2022 and the Qatar National Vision 2030, which are attracting foreign investors to Qatar and a number of companies from across the world are taking part in these projects.

According to the new draft-law, Qatar is going to introduce bold reforms by liberalising its economy to non-Qatari investors who may invest in all economic sectors up to 100 percent of the capital, and they may own no more than 49 percent of the share capital of Qatari listed companies on the Qatar Exchange, after the approval of the Ministry of Economy and Commerce on the percentage proposed in the Company’s memorandum of association and articles of association. Also, Qatar has further eased its visa policies.

Earlier, Dr. Khalid Rashid Al Khater, a specialist in monetary policy and political economy, said: “The combined value of a number of ongoing infrastructure development projects related to World Cup 2022 is about QR200bn.”

Regarding the current situation, Al Maslamani said that there are no apprehensions among investors about the Qatari real estate market because there are more construction projects in coming years which will create further demand.

The Peninsula
19/06/2018

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Cyprus, Egypt sign deal for gas pipeline in Mediterranean
The Daily Star, 20 September 2018

Cyprus and Egypt signed an agreement paving the way for the Mediterranean’s first subsea pipeline to carry Cypriot natural gas to the Arab country for ...

Read full story
Cyprus, Egypt sign deal for gas pipeline in Mediterranean
Siemens to boost power output at Al-Sadder
Iraq Business News, 19 September 2018

In line with Iraq’s goal to improve the efficiency and availability of the country’s power plants, Siemens will provide inspection and upgrade services ...

Read full story
Siemens to boost power output at Al-Sadder
Tivoli Hotels expands to Qatar
Hospitality Design, 19 September 2018

Tivoli Hotels has announced its expansion into Qatar with the newly debuted Souq Al Wakra Hotel Qatar by Tivoli in the historic coastal settlement and trading ...

Read full story
Tivoli Hotels expands to Qatar
Agriculture minister: $26bn volume of trade with EU
Egypt Today, 18 September 2018

Minister of Agriculture and Land Reclamation Ezzedin Abu Steit said Tuesday the European Union is Egypt's first partner in terms of exports and imports.
...

Read full story
Agriculture minister: $26bn volume of trade with EU
Back to Home Page 2362 --- 0 <><><> 513.66666666667.....exvideo=0....eximage=0
P 0
BR 15

 
Future Traffic Security
24 - September 2018
Building Capability and Future Careers
24 - September 2018
Global Road & Traffic Safety Forum - Abu Dhabi
24 - September 2018
KSA Manufacturing Tech Show
22 - October 2018
3rd Annual RetrofitTech KSA
29 - October 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Hospitality Qatar - 6 November - 8 November 2018  
  HQ - Food Qatar - 6 November - 8 November 2018  
  Project Qatar - 29 April - 1 May 2019  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Iraq
Iraq Agrofood Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved