The Pearl Qatar Properties For Sale | Pearl Residential For Sale
The Vibrant Property Market
The real estate sector in Qatar is expected to see more growth this year. The sector, supported by a series of policy-driven decisions, is staging a turnaround and is booming with residential properties expected to increase in the years ahead.
The sector is witnessing a significant rise in property deals. A look at select monthly and quarterly real estate transactions of last year shows that confidence is returning. According to the Planning and Statistics Authority data, deals worth QR5.4bn were signed during the April-June quarter last year.
The second quarter was crucial as the pandemic had begun to show its impact on the economy. As a result of proactive measures taken by the government, the economic activity began to gain momentum.
These increased deal-making activities in the real estate sector resulted from the signing of deals worth QR10.1bn during the July-September quarter. Property sales had reached QR11.4bn during the first half of last year.
Last year saw the further opening of the real estate sector by allowing foreigners to own real estate in more areas in the country. In October, the government announced the decision to allow foreign companies and individuals to own real estate in 25 areas in the country. According to the new decision, the owners of property which are worth no less than QR730,000 will be offered residency for them and their family. Follow the link to find out how to connect to the area location The Pearl Qatar Properties For Sale | Pearl Residential For Sale Moreover, the Ministry of Justice and the Ministry of Interior has launched an office for Non-Qatari Real Estate Ownership in The Pearl-Qatar, in order to provide real estate ownership and utilization services through one window for investors. The move boosted sentiments of the stakeholders.
Continued demand for real estate units is still considered by a large segment of investors as a safe haven. Real estate players, including developers and market strategists, are now strongly betting on the country’s vibrant property market. With the 2022 FIFA World Cup fast approaching, progress can be seen in all aspects of Qatar.
Even real estate companies increased their activities. Barwa Real Estate launched the construction works for two upcoming projects in Al Ware City.
ADD-Hunter Luxury Real Estate has a professional team which is specialized in selling off-plan and under-construction properties whether residential or commercial. The properties can be bought by well-reputed developers in Qatar in the most luxurious areas such as The Pearl and developing area Lusail city with flexible installment plans.
All these data confirm the strength of Qatar’s economy and the continued growth of the real estate sector as one of its key components.