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Qatar realty sector shows signs of recovery
18 Jul 2021 - 9:25
The Peninsula
Doha: Hotel occupancy and Average Daily Rates (ADRs) have improved in Qatar during the second quarter compared to same quarter in 2020 due to the boost from growing domestic tourism, according to the second quarter 2021 review issued by leading regional consulting firm ValuStrat. The real estate report noted a surge in transactions volume and value compared to 2020 and 2019 (pre-COVID). Rents of warehouses also expanded during the quarter.
Pawel Banach (pictured) – ValuStrat’s General Manager, Qatar commented “At the beginning of the second quarter of 2021, restrictions were re-imposed limiting mobility amid rising COVID-19 cases. Operating capacities of commercial outlets were reduced and dine-in at F&B outlets was banned. However, the constraints did not hinder the recovery of the real estate market in Qatar. The volume of transactions surged 46 percent over one year and 34 percent over two y
RuwaisMadinat-ash-shamalQatarUmm-salal-muhammadUmm-salalLusailBaladiyat-az-za-ayinDohaAd-daw-ahAl-wakrahUmm-salal-aliPearl-al-mutahidahQatar s residential units stock for Q1 hits 304,715
DOHA, 11 hours, 37 minutes ago Qatar s residential units stock for the first three months of the year stood at 304,715, with the addition of 1,700 apartments and villas during the period, according to UAE-based consulting firm ValuStrat. Some 6,300 units are currently in the pipeline for the remaining quarters of 2021, it stated. The median transacted ticket size for residential houses was QR2.7mn, increased by 3.4% quarterly and 6.8% annually, added the report. According to ValuStrat, the apartment supply consisted of 1,650 units coming from project handovers in Lusail (Fox Hills and Marina District), The Pearl, Al Dafna, Mirqab Al Jadeed and Fereej Abdul Aziz.
QatarLusailBaladiyat-az-za-ayinAl-wakrahUmm-salal-aliUmm-salalAl-mansouraUmm-garnFereej-abdul-azizUmm-ghuwailinaAl-dafnaMirqab-al-jadeedResidential Real Estate Market in Qatar - Growth, Trends, and Forecast (2020 - 2025)
New York, Dec. 28, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Residential Real Estate Market in Qatar - Growth, Trends, and Forecast (2020 - 2025) - https://www.reportlinker.com/p06000945/?utm source=GNW Qatar’s population was estimated to crossed 2.7 million by the end of 2019.
- The potential market for residential units has been further expanded by Law No. 16 of 2018, which was implemented in 2019. Earlier, non-Qatari investors had temporary holding rights; however, the law allows non-Qatari investors to purchase apartments in Lusail, West Bay, and Onaiza on a freehold title.
Al-wajbaAr-rayyanQatarNew-yorkUnited-statesLusailBaladiyat-az-za-ayinDohaAd-daw-ahAl-wakrahUmm-salal-aliUmm-salal