Qatar realty sector shows signs of recovery
18 Jul 2021 - 9:25
The Peninsula
Doha: Hotel occupancy and Average Daily Rates (ADRs) have improved in Qatar during the second quarter compared to same quarter in 2020 due to the boost from growing domestic tourism, according to the second quarter 2021 review issued by leading regional consulting firm ValuStrat. The real estate report noted a surge in transactions volume and value compared to 2020 and 2019 (pre-COVID). Rents of warehouses also expanded during the quarter.
Pawel Banach (pictured) – ValuStrat’s General Manager, Qatar commented “At the beginning of the second quarter of 2021, restrictions were re-imposed limiting mobility amid rising COVID-19 cases. Operating capacities of commercial outlets were reduced and dine-in at F&B outlets was banned. However, the constraints did not hinder the recovery of the real estate market in Qatar. The volume of transactions surged 46 percent over one year and 34 percent over two y
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