Real Estate Sales in Qatar to Remain Steady in Q2

Real Estate Sales in Qatar to Remain Steady in Q2
Doha, the capital of the state of Qatar. View from the airplane window

No significant impacts are affecting the prices in the market. Experts elucidate that one of the key things that could affect the market is the global economy in terms of the US and Western economies, Invest-Gate reports.

An official says, “There has been a high volume of sales, especially on the infrastructure developments. Hence, the sales have doubled in Q1 compared to the previous quarters.”

Jeffrey Asselstine, managing director of NelsonPark Property, adds, “People were expecting a decline in the market, but we have not seen that yet. The prices have been firm since the World Cup.”

“There are a number of excellent brand-new options we brought to market through our developers,” Asselstine adds.

Mahdi Hachana, Director of Sales and Marketing at Ibn Ajayan Projects Real Estate, explains, “As you may know, the market has been stable after the World Cup, which is great news for investors and stakeholders.”

“One of the reasons for this stability is how Qatar deals with investors as actual partners and supports the real estate market,” Hachana adds.

Noteworthy that during Eid and Ramadan in the first month of quarter 2, the sales in the country soared in several sectors. This includes the Gold market, e-commerce, hospitality, restaurants and hotels, residential marts, and housing properties.

 

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