Qatar investors eyeing opportunities in UAE, Turkey, Europe & Egypt
The event’s 10th edition will be held Under the Patronage of The Prime Minister, His Excellency Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani and run from 20-22 June at Doha Exhibition & Convention Center
Qatar’s real estate sector is rebounding after a 2020 COVID-induced demand slump and is likely to pick up even more steam as the nation heads towards its November FIFA World Cup 2022 hosting, according to exhibitors lining up for Cityscape Qatar, the country’s largest real estate exhibition.
Global luxury developer DAMAC says a sector upswing is noticeable across the entire real estate eco-system from construction to development and investment; “We can sense the recovery in the market. The demand is picking up rapidly and we are forecasting this trend to get healthier over the upcoming months, especially in time for the FIFA World Cup. However, we still face challenges with global price hikes in raw materials,” explained Niall McLoughlin, Senior Vice President, DAMAC.
McLoughlin says there is demand for luxury real estate across all property types - apartments, townhouses, and villas. Clients have shown a strong interest in the Lusail waterfront development already and he believes that banks and finance providers could help spur further sector growth which has already been aided by new government visa options and regulations.
“We are of the opinion that expanded mortgage options for both off-plan projects or those projects that have not yet issued their title deed, can maximise the beneficiaries’ network and explore new segments for developers and customers,” added McLoughlin.
The sector upswing has also given rise to some significant changes in investor behaviour, according to Dr. Hamad Al Tamimi of Simba Design, the Saudi Arabian full-service architecture and interior design company.
“Buyers are now looking for much more detailed information about what they are buying, we have seen a growing preferrance to budget-friendly options,” he said. “Additional options for payment plans and mortgage options for Qatar home-buyers could be offered to further incentivize buyers.”
Cityscape exhibitors also observed that the real estate upswing isn’t just limited to Qatar, with local investors now looking for opportunities beyond their home borders. DAMAC says it has seen interest from Qatar-based investors in the UAE, Turkish and European market while Egypt’s La Verde Developments mentioned that Cairo’s New Administrative Capital is now emerging as a preferred investment destination.“We are seeing an increase in Qatari investors’ interest in emerging markets. This is effident with areas such as the new administrative capital of Egypt,” comments La Verde’s Ibrahim Lasheen.
With Cityscape being the only real estate exhibition to be held in Qatar this year, organiser Informa Markets who run the event in collaboration with long-standing partner Elan Events, are confident that the three-day exhibition will be of incremental value to the local and regional economy this year.
“Cityscape Qatar this year represents an exciting opportunity to create long-term B2B partnerships across every real estate asset class,” explains Chris Speller, Vice President of the Cityscape portfolio. “Apart from sourcing emerging investment opportunities, all segments of the industry will gain valuable sector insights from experts in our Cityscape Talks program which will inform future business strategies.”
For more information, visit: www.cityscapeqatar.com