Real estate sector drives growth of Qatar’s robust economy

Doha: Qatar s robust and resilient economy has been growing steadily. The real estate market offers several opportunities for residents and investors...

Doha: Qatar’s robust and resilient economy has been growing steadily. The real estate market offers several opportunities for residents and investors alike.

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

The ongoing real estate projects in Qatar till the end of 2023 reached advanced stages of development. Out of these projects, approximately 62 percent have surpassed the halfway mark.

Approximately 24 percent of the projects are nearing completion, with over 90 percent of the construction already finished. Another 29.8 percent of the projects are currently between 75 percent and less than 90 percent complete.

The construction of projects in Doha has made substantial progress. Around 88 percent of the projects are more than halfway through the construction process.