06 March 2017
Qatar, among other petroleum states, “is still the least affected” by economic headwinds caused by the global recession, SAK Holding Group revealed in its monthly real estate report.
Qatar’s resiliency, according to the report, was due to “government efforts” and “continued spending” on major infrastructure projects, particularly those related to the FIFA World Cup games in 2022.
In the real estate sector, the report said: “Concerned authorities are wisely managing the real estate file, which slowed down the severity of the crisis, cut losses short, promoted confidence and optimism in the real estate sector, and bringing about a quick recovery…this confirms that real estate investors’ appetite is fine.”
The report said this was corroborated by a QNB report, which stressed that government investment “is still attracting manpower to Qatar, reinforces the need to provide several services and increase the overall demand in the economy.”
“Housing is at the core of the needs of this category. Statistics shows that population increased in December 2016 at an annual growth rate of 7.3%,” the report said.
SAK Holding Group’s Market Watch Bureau also praised government efforts to involve the private sector in the development process and enhance its role and effectiveness in the plans to diversify sources of income.
The monthly report monitors progress of construction, urban project, infrastructure, and major projects carried out by concerned authorities in different areas.
“Well-adjusted development efforts will create investment and real estate opportunities. There are eight promising developmental projects to develop infrastructure, roads, drainage systems, street lighting, and other basic services in Al Wakrah and Al Wukair and Al Mashaf south of the country,” the report stated.
The report noted that construction materials markets are affected by variables in the real estate sector, which, according to developers, reflect current market conditions, supply and demand, and pace of activities in the building and construction sector.
Qatar, among other petroleum states, “is still the least affected” by economic headwinds caused by the global recession, SAK Holding Group revealed in its monthly real estate report.
Qatar’s resiliency, according to the report, was due to “government efforts” and “continued spending” on major infrastructure projects, particularly those related to the FIFA World Cup games in 2022.
In the real estate sector, the report said: “Concerned authorities are wisely managing the real estate file, which slowed down the severity of the crisis, cut losses short, promoted confidence and optimism in the real estate sector, and bringing about a quick recovery…this confirms that real estate investors’ appetite is fine.”
The report said this was corroborated by a QNB report, which stressed that government investment “is still attracting manpower to Qatar, reinforces the need to provide several services and increase the overall demand in the economy.”
“Housing is at the core of the needs of this category. Statistics shows that population increased in December 2016 at an annual growth rate of 7.3%,” the report said.
SAK Holding Group’s Market Watch Bureau also praised government efforts to involve the private sector in the development process and enhance its role and effectiveness in the plans to diversify sources of income.
The monthly report monitors progress of construction, urban project, infrastructure, and major projects carried out by concerned authorities in different areas.
“Well-adjusted development efforts will create investment and real estate opportunities. There are eight promising developmental projects to develop infrastructure, roads, drainage systems, street lighting, and other basic services in Al Wakrah and Al Wukair and Al Mashaf south of the country,” the report stated.
The report noted that construction materials markets are affected by variables in the real estate sector, which, according to developers, reflect current market conditions, supply and demand, and pace of activities in the building and construction sector.
© Gulf Times 2017
