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Increase real estate demand in Qatar for greater market opportunities, says KPMG

KPMG reports that there is an increase in real estate demand in Qatar, taking into account the potential for organizational real estate concepts such as the removal of barriers, positive regulatory changes, and REIT.

Taking note of the above developments, he said that the country was ready to see an increase in the number of investors.

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.

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KPMG noted that projects such as Ketiphan Island and Lucille Seaf 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) -based economy. The year 2020 is a work in progress. The concept of Work From Home (WFH) has changed the way businesses operate today.

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. 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 ‘professional-distance’ ‘low-density’ office spaces to help employees return to work safely and quickly.