Qatar’s property market is seen moving from a rental-based to a sales-based economy amid government incentives that attract both local and international investors, Cityscape Group Director Chris Speller has told The Peninsula.
01 Feb 2021 - 8:28
Director for Strategy and Real Estate Advisory at KPMG, Anurag Gupta
The Peninsula
Doha: With the regional ties coming back to normal, affirmation of the COVID-19 vaccine and winning the bid to host Asian Games in 2030, the market sentiments in Qatar are reaching a new high, said KPMG in its latest report ‘What lies ahead for Qatar’s Real Estate Market in 2021?’.
According to the study, with the lifting of the blockade, positive regulatory changes, possibility of organised real estate concepts such as real estate investment trusts (REITs), Qatar is set to witness higher influx of invested people. With more opportunities in the market and increased inflow of white-collared workforce, there can be a positive upturn in the demand for residential housing over the next short to middle term, providing a much-needed fillip to the sector.