Qatar's economy is one of the most thriving in the Middle East. High GDP growth and population influx, aided by work opportunities and government policies, are some of the factors propelling the country's residential real estate sector forward.
With the construction of new apartment buildings and villa compounds, residential supply continues to grow across the market. In most places, a downturn in new demand has resulted in a continued decline in residential rents.
The Qatar Tourism Authority has seen a large rise in tourists year over year, and rental prices have fallen to an affordable level. Depending on the type of unit, rental patterns in residential real estate differ. The supply of apartments is likely to be dominated by small units (studios and one-bed units). to rent
qatar is also witnessing greater demand for warehousing facilities originating primarily from the manufacturing and logistics sector. Qatar Free Zones Authority can be seen attracting significant investments from around the globe in setting up businesses in Qatar.
In addition, Qatar’s digital transformation agenda has paved the way for e-commerce and Tech-companies to foray into the Qatari market. The Qatari government has also given Microsoft permission to build a public cloud data center in the country. With this news, Google too followed the suit by announcing a Google Cloud facility for Doha. Qatari business Meeza is also building its fourth data centre in Doha, which is expected to be completed by mid-2021.
In Qatar, Co-working spaces providers such as Servcorp, Regus, and Workinton are reimagining the workspace of the future by providing employers with flexibility in terms of space and geography.