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.
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.