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.