Qatar to Deliver 5,800 New Units by Year-end

Wednesday, 24th May 2017

Nearly 1,500 units have been established in Qatar in Q1 of 2017, while an estimated 5,800 units will be added by the end of 2017, Reuters reports.

A report by ValuStrat on Qatar’s real estate market says that an estimated 5,800 units will be added by the end of 2017, assuming minimum construction delays. “These include apartments in 5 buildings to be completed in The Pearl and 10 buildings in Lusail.”

“This year’s Cityscape exhibition unveiled major off-plan residential projects such as Al-Swida Village in Al-Thumama (77 apartment buildings), Lusail Azure (serviced apartments and villas), Telal 2 in Lusail (luxury apartments), Millennium Apartments in The Pearl, Jumanah Tower 2 in The Pearl and Ezdan Oasis in Wukair (8,679 housing units),” the report notes.

“All the projects mentioned are expected to be completed by 2020,” the ValuStrat report says.“For Q1 of 2017, nearly 1,500 units were added, comprising about 17% villas and 83% as apartments. The majority of new residential projects were concentrated in Lusail, The Pearl and Al Sadd,” it adds.

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