QATAR REALTY RE­COV­ER­ING

The new mega projects that are com­ing up in The Pearl Qatar and Lu­sail City are a clear in­di­ca­tion of the re­cov­ery of Qatar's real es­tate sec­tor.

Qatar Today - - BUSINESS > REALTY CHECK -

The sales of res­i­den­tial prop­er­ties in th­ese projects have wit­nessed pos­i­tive per­for­mance dur­ing the third quar­ter of this year, a lo­cal ver­nac­u­lar daily Al Arab re­ported, cit­ing real es­tate de­vel­oper Al As­makh's lat­est “Qatar real es­tate re­port.”

Ac­cord­ing to the re­port, the prices of apart­ments in The Pearl- Qatar have seen a slight in­crease since the be­gin­ning of the year and are most likely to con­tinue this growth over the next year, es­pe­cially with the com­ple­tion of shop­ping cen­tres and in­fra­struc­ture fa­cil­i­ties.

As the out­look for Qatar's real es­tate sec­tor has been pro­jected as ‘strong' by var­i­ous mar­ket an­a­lysts, in­vest­ment in Qatar's real es­tate sec­tor is set to in­crease in the com­ing months. In fact, Qatar's real es­tate sec­tor is wit­ness­ing a strong per­for­mance com­pared to other sec­tors of the lo­cal econ­omy, the re­port adds.

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