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Increasing real estate demand in Qatar for more market opportunities, KPMG says
According to a KPMG report, real estate demand in Qatar is on the rise, taking into account the potential for organizational real estate concepts such as the removal of barriers, positive regulatory changes, and REIT. Given the above developments, the country is ready to see an influx of investors: “With increasing market opportunities and an influx of white-collar workforce, the demand for residential housing is likely to increase positively in the short and medium-term.
KPMG noted. Real estate transactions in Qatar are also on the rise. Over the past six months, the value of real estate transactions has exceeded QR15bn, which is highly encouraging. New real estate products, as well as entertainment offers, can be found in the integrated urban form. KPMG noted that projects such as Ketiphan Island and Lucille Seef are attracting significant interest from buyers as well as investors. As Qatar opens its real estate market to foreigners and benefits its permanent residents, the Qatari residential market will move from rent-based real estate to a capital (sales) economy. The year 2020 is a work in progress. The concept of Work From Home (WFH) has changed the way businesses operate today. Follow the link to find out how to connect to the area location Buy property in Qatar | Find For sale in The Pearl Qatar
While many corporate companies can be seen adopting and embracing this concept, KPMG believes that the dynamic/hybrid workplace model will become a new general post-epidemic. The future office will promote health benefits with a greater focus on flexibility and safety. Provide opportunities for new ways of building employees and relationships. Globally, the concept of co-working space is evolving and many companies are focusing on minimizing their real estate needs by incorporating a flexible approach. In Qatar, co-workspace providers Servokorp, Regus, and Workington are redesigning their future workspace, giving employers flexibility in terms of space and geography. These companies promote “low-density” office space with “professional distance” to help employees return to work safely and quickly. According to KPMG, professional service companies, start-ups, small businesses, and e-commerce technology companies will be the major beneficiaries of this new average. KPMG’s Strategy and Real Estate Consultant Anurag Gupta said. On the way forward, Gupta said, “We have explored the real estate landscape and possible changes and identified key trends for the coming year, and Qatar is still in the process of identifying a strategy with deep and lasting implications for real estate investment and development.
We believe that there are. However, Qatar needs to further develop strong economic principles that will help sustain growth in the long run. As confidence returns to the market and the industry undergoes a series of fundamental changes, the region’s political stability and unity will continue to be Qatar’s largest growth driver, and Qatar will become a major beneficiary of the real estate market.
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