ECONOMIC GROWTH DRIVERS
Sustainable economic growth in Qatar will assist in allowing the real estate market growth to stabilize despite construction delays that are restricting supply and pushing up rental prices. Real GDP growth is forecast to increase from 6.8% in 2014 to 7.8% in 2016, with domestic investment accounting for nearly 50% of the economy growth. Another driver of growth - that of population - continues to increase at a higher rate than in 2013 (11.6 %.) This year population is expected to increase 15%.
THE PEARL AS THE No.1 REAL ESTATE INVESTMENT IN DOHA
The Pearl has now enjoyed 3 years of steady price growth, and is becoming increasingly attractive to investors who look for clarity of costs, handover and rental yield. With The Pearl-Qatar also being the 1st master planned community outside of Doha that is 60% completed, the certainty of capital growth is also clear to many investors who see the opportunity increasingly as a medium to long term investment win with the World Cup in 2022 approaching. “We see The Pearl consolidating its position as the leading real estate investment opportunity in Doha’s increasingly dynamic market. It is now maturing as a master-planned community, which means, by adding to its robust reputation with additional retail offers at Medina Centrale and within Porto Arabia, it is giving residents and visitors more reasons to come and enjoy its waterfront offer. More and more people whether from the Qatari or GCC market will look to The Pearl as the investment standard. I think with The Land beginning to accelerate its development strategy, I can only see excellent opportunities for investors moving forward.” Edd Brookes, Senior Director – Head of Middle East DTZ