Qatar offers promising investment opportunities

Doha, Qatar: The real estate sector of Qatar offers huge opportunities for residents and investors alike as the country has a promising market. Qat...

Doha, Qatar: The real estate sector of Qatar offers huge opportunities for residents and investors alike as the country has a promising market.  

Qatar’s real estate sector is among the most promising and attractive in the Gulf region, with significant potential, especially in Lusail City. As the second-largest city in Qatar after Doha and considered the economic capital of Qatar, Lusail also boasts one of the most promising entertainment sectors, said Property Finder (a leading real estate platform in MENA) 2023 Residential Real Estate annual report.

Lusail at Al Daayen municipality accounted for the majority of real estate investments, representing approximately 41.4 percent of the total investment in last year. This amounted to about 51 projects worth $5.4bn. All investments in Lusail were made by private companies. Meanwhile, Pearl Qatar at Doha municipality witnessed the development of 19 ongoing projects, which constituted almost 17.6 percent of the total ongoing projects and 19 percent of the private projects.

Also in last year, Al Doha ranked second in terms of the number of projects, with 36 ongoing projects valued at $1.9bn. Despite being the capital of Qatar and potentially the most important municipality, Al Doha experienced a relative decrease in new real estate project investments, possibly due to the intense development it underwent in recent years leading up to the World Cup. 

The report further said, the residential and mixed-use real estate sectors recorded a total of 157 ongoing projects worth $19.1bn. These projects accounted for approximately 61.7 percent of the total number of projects and 61.8 percent of the total investments