Qatar is expected to reach a stable price index next year, despite current prices and volatility, according to Property Finder Qatar. The decline in the impact of the epidemic continues to have a profound effect on the market, however, trade transactions and rental deals are on the rise as investors and buyers look to seize advantage at lower market prices, said Afaf Hashem, Country Manager at Property Finder Qatar.
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The platform reports rental price shifts, which has allowed many to improve their living space, while others have taken advantage of affordable opportunities with smaller units, such as studios. The Qatari market has some positive indicators with Qatar expecting to vaccinate up to 70-80 percent of the population in October, and as the Qatar FIFA World Cup 2022 approaches, he added.
There is no shortage of investment and development in the country. The World Bank has predicted that Qatar's economy will grow by 3 percent this year, a strong signal of a post-epidemic recovery, Hashem said. Property Finder Qatar said supply was continuing to increase in the market, with Valustrat reporting that about 4,900 units would be transferred to H2, 2021, most of the flats in Lusail, The Pearl, Al Dafna, Luqta, Umm Ghuwailina, and New Doha.
In addition, new projects delivered in the first half of the year at The Pearl, Lusail, and Al Khor will add 575 units by 2024. After expanding from its home base, the UAE, into Saudi Arabia, the Creative Zone, a business start-up company, has recently set foot in Qatar. For more to know about Qatar World Cup Tickets Click here.
With its headquarters in Dubai, Creative Zone is one of the leading corporate construction companies in the region, whose clients include the likes of Hyundai and LG at some of the region's most popular startups such as Entertainer, Ekar, Fruit Day, and Mumzworld, to name a few. Commenting on the incident, Lorenzo Jooris, CEO of Creative Zone, said companies, large and small, were already looking at the benefits of starting a business in Qatar and taking advantage of the lucrative opportunities the country offers.
What these companies need is a local partner and a guide who can help them with proper entry and support them with management-related management, such as visa processing, management advice, bank account opening, and other NOCs and required permits. With our presence in Qatar, we can now effectively provide all the necessary support to these companies and in continuing to recapture the government's efforts to improve the country's freedom to do business.
We are seeing a sharp rise in Qatar business inquiries, and this increase in the corporate setup is also driven by various investment opportunities in the country. These include opportunities linked to the Qatar World Cup 2022, the North Gas Development Project, and the Qatar National Vision 2030. The end of the Qatar boycott and the gradual lifting of the COVID-19 limits have made the country more attractive to foreign investors and entrepreneurs.
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