Demand for Commercial Properties in Qatar to Grow In 2023
Surging investments in Qatar have ensued in developing businesses and real estate demands with the expansion of commercial properties. Increasing projects in the realty realm have added beneficial momentum bolstering the country’s economy with several business projects implemented and interests carried out by global investors in one of the most stable middle eastern hubs for doing business, a report by Saakin Group said. The real estate agency in its data highlights that the commercial sector will continue to be in demand this year with several international events in sports, business, and tourism. The report says that enhanced cities and areas in Qatar will leave a significant mark in the commercial sector as many individuals across the world will anticipate investing adding that “Many commercial buildings and conceiving projects are the primary interest of investors.” As investors are attracted toward the resilient market in the region, the sector is poised to strengthen and will eventually boost its economy. The World Cup that was held last year also skyrocketed the rental cost and the projects were improved with more commercial and investment trades in the country. Companies across the country have been focusing on some of the developed and attractive locations in Qatar including Lusail City, The Pearl Qatar, and West Bay drawing the attention of customers and investors offering affordable prices and other facilities including top-notch infrastructures. The report noted that many of the developed cities in Qatar have lured many investors offering several benefits to the country has to offer with spacious office and residential buildings equipped with various prices. The office rentals in West Bay per sq. m range from QR80 to QR120 per month whereas in Lusail it differs from QR65 to QR 125 per sq m. In Qatar, numerous corporations project steady growth in the commercial real estate market with soaring business projects due to further tourism and business stimulating activities. The report stated that “The demand for commercial real estate properties is increasing because of the developing locations and launching of new projects and luxury properties. There are unique hotels and resorts. Many commercial towers and developing projects are the main attraction for investors.” “These trends enhance the power of commercial real estate and activities within Qatar. Moreover, prospective buyers can explore the investment opportunities and potential in exclusive projects and properties. The rental yields are higher during this season. It is also a great challenge for commercial activities and investment ventures,” it added.
Tags : investments Qatar developing businesses real estate demand expansion commercial projects investors