DOHA: Housing demand is expected to rise as the country increases its investment in infrastructure projects in the run-up to the 2022 FIFA World Cup, says a report by Qatar’s leading property portal, propertyfinder.qa.
While The Pearl and West Bay remained top locations to buy property based on their range of lifestyle options from high-rise apartments to luxurious waterside villas, downtown Al Dafna made it to the top 10 list for the first time, says the report. Al Dafna features some of the finest hotels, restaurants and shopping avenues and lies close to the new Doha airport.
As for the leasing market, The Pearl, Abu Hamour, West Bay, Al Waab and Al Sadd remained the most searched locations to rent property, says the fourth quarter report of 2013 of the portal, compiling trends in Qatar’s home prices and rents based on user behaviour on the website.
The report also said that there was a climb in demand for villa communities such as Al Gharrafa, as it moved to eighth spot from the 12th position it enjoyed in third quarter of 2013.
“With plans to invest billions of dollars in construction and infrastructure projects in the run-up to the 2022 FIFA World Cup, immense opportunities for the real estate sector are set to open up. Additionally, as foreign nationals re-locate to Qatar for work as the country rolls out its infrastructure expansion programme, a significant housing demand is expected to rise,” said Monsi Rabah, Country Manager of the Qatar operation.
The Peninsula
