Overview of the Qatar real estate market
Qatar has the world's fastest growing economy and a rapidly expanding population, which together are making for a buoyant local real estate sector, in retail, residential and commercial property.
The ongoing expansion of Qatar's energy sector is attracting more and more companies to the peninsula. Efforts to diversify the local economy are also gathering pace, with a variety of major infrastructure projects underway, such as a new international airport, national railway network and metro, seaport, and an ambitious hotel building programme. More than 65,000 hotel rooms will be developed over the next decade. The success of Qatar Airways is also establishing Qatar as an aviation hub and attracting increasing numbers of visitors. Tourist arrivals are expected to grow from 1.2 million in 2009 to an estimated 7 million by 2022.
Qatar's successful bid to host the 2022 World Cup will present opportunities across the local economy. Retail spending alone is expected to double to US$8 billion over the next decade. On completion, Msheireb Downtown Doha, our flagship property development, will be a major attraction for the thousands of visitors to Qatar for the tournament.