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  • 29-09-22

    Qatar’s real estate industry gains robust financing

    (MENAFN) Qatar’s real estate market is one of the quickest surging area and is gaining robust financing, however, the nation’s approaching as well as current real estate expansions are supplying a range of lucrative prospects for financiers, as shown by a new report by IPA Qatar and EY.

    The report which is titled ‘Qatar’s Real Estate Market Outlook - Building the Future’ highlights the development opportunities of several industries.

    It pointed out that “The real estate sector offers unique investment opportunities to investors in the growing economy and stance of Qatar. Foreign direct investment (FDI) is ranked second after hydrocarbon in attracting investments, reflecting the attractiveness of the sector. The GDP of real estate sector grew by 18 percent between 2015 and 2020, with the number of issued building permits nearly doubling.”

    In line with the report, Doha and Al Rayyan have the biggest amounts of interest from a transactions capacity viewpoint with most of the residential provision in Doha being in the usage of apartments, whereas Al Rayyan has a predominance of villas and compounds.

    MENAFN29092022000045014228ID1104943721

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