17 March 2019
Welcome to the Cityscape newsletter for the month of March. In this edition, we put Doha under the spotlight – the city was the most sought-after among real estate buyers in 2018, with the municipality topping the country in terms of real estate deals conducted last year. In a recent article by The Peninsula, Doha is a prime real market in the country with properties commanding a premium compared to other municipalities.
Doha is the most sought-after location for homebuyers and investors. According to a report in The Peninsula, the city made real estate deal worth QR10.7 bn in 2018, followed by Al Rayyan and Al Daayen.
The newspaper reported: “According to the data of the Ministry of Development Planning and Statistics, the value of properties sold in Al Rayyan Municipality was QR6.37bn in 2018, while it was QR2.76bn in Al Daayen Municipality. Total value of real estate deals in Al Wakrah Municipality was QR1.84bn in 2018.”With Doha is home to several landmark real estate developments such as The Pearl Qatar, Msheireb Downtown Doha, West Bay – a favourite among real estate investors.
The Peninsular also reported that areas such as Al Wakrah and Al Daayen are fast developing and are emerging real estate markets that can provide better returns to real estate investors.
“Many companies unveiled offers last year to stimulate real estate activity. Rental incentives such as rent-free periods, and rents that are inclusive of utility bills were offered as incentives to attract tenants,” noted the newspaper.
About Cityscape Qatar
Cityscape, the world’s leading real estate event portfolio for emerging markets, debuted in the State of Qatar in 2012. The annual event features an exhibition and numerous learning and networking features designed to stimulate the development of Qatar’s real estate industry.
Cityscape Qatar presents an unparalleled line up of opportunities for the local and regional real estate community, as the event allows delegates and visitors to engage in a dynamic environment that gives insight into the future of Qatari and Middle East real estate.
The exhibition showcases infrastructure development projects through Qatar’s National Vision 2030.
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