CITYSCAPE 2014: A RE­CAP

The third edi­tion of the real es­tate ex­trav­a­ganza saw prop­erty de­vel­op­ers wow vis­i­tors with their vi­sions of fu­ture Doha.

Qatar Today - - BUSINESS > REALTY CHECK -

Cityscape this year was noth­ing if not ar­rest­ing. Each of the mega-ex­hibits by the Qatar's real es­tate ti­tans was an os­ten­ta­tious dis­play of prowess, vi­sion and reach. UDC's model of the fully com­pleted Pearl de­vel­op­ments was es­pe­cially mag­nif­i­cent (though some­what damp­ened by the reve­la­tion that less than a quar­ter of the cur­rent res­i­dences were oc­cu­pied) and so was Barwa's stand fea­tur­ing the Barwa Al Baraha, a project for labour ac­com­mo­da­tion. Msh­erib's 3D dis­play of roads, metro and tram routes criss-cross­ing through the in­nercity devel­op­ment was also visit-wor­thy. Though not many ma­jor an­nounce­ments came out of the event, the three­day con­fer­ence had ex­pert speak­ers ad­dress­ing sev­eral vi­tal is­sues at play in the real es­tate mar­ket in Qatar, which gave the var­i­ous stake­hold­ers a chance to come to­gether, de­bate and net­work. The de­mand and sup­ply struc­ture of the re­tail scene, in­no­va­tive mall de­signs, af­ford­able res­i­den­tial units, tap­ping into the ser­viced apart­ment mar­ket niche, con­struc­tion stan­dards and reg­u­la­tions af­fect­ing mega projects and the chal­lenges de­vel­op­ers face in se­cur­ing fi­nanc­ing were some of the topics dis­cussed.

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