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FinancialNews
16-10-17
Major growth for Qatar real estate market in 2018
(MENAFN) As more companies and investors are set to begin their operations in country, the real estate market in Qatar is expected to witness major growth from the next year.
Many companies, which are shifting their businesses from the blockading countries, are set to be the major driving force to the real estate market growth, according to experts from the industry.
The demand for real estate properties, especially the commercial space and hospitality sector, are set to see fair growth supported by government's important policy decisions such as steadfastness of diversifying the local economy and promoting tourism industry.
Chairman of CENTURY 21 Qatar, Mana Ibrahim Al Mana said, "There is no doubt that the blockade has caused a lot of changes in the market situation, including the real estate sector, and many of these changes are positive for the local market for the longer run".
Al Mana, the chairman of one of Qatar leading real estate services firms added, "I see a lot of good opportunities are coming as the government has decided to waive visa for visitors from 80 countries, which will not only boost the hotel occupancy rates, but also have cascading effects on other sectors of the booming economy. This is a popular sentiment in the market across the board".
MENAFN1610201700450000ID1095953344
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