Real Estate
From The Report: Qatar 2016
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Still an important and robust driver of non-hydrocarbons growth, Qatar’s real estate sector is nonetheless beginning to feel the impact of falling oil and gas prices, which have negatively affected the office and residential markets. There are also rising concerns about an oversupply of high-end residential and commercial space, with dozens of new projects still in the pipeline expected to come on-line in the medium term. Oversupply will be a major long-term concern for nearly all segments of the market, with the stock of retail, hotel and office space surging as developers rush to capitalise on population growth and rising tourist arrivals. Despite these challenges, smaller transactions have kept the market steady in early 2016, and although land prices and rental rates remain high, muted economic growth should help reduce inflationary pressures that have priced many middle- and lower-income families out of the market.

This chapter contains an interview with Abdulla Hassan Al Mehshadi, CEO, Msheireb Properties; and Ibrahim Jassim Al Othman, President and CEO, United Development Company.

Articles from this Chapter

Overview

Long-term prospects: With numerous projects in the pipeline, the sector is looking to offset more modest demand growth
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Still an important and robust driver of non-hydrocarbons growth, Qatar’s real estate sector is nonetheless beginning to feel the impact of falling oil and gas prices, which have negatively affected the office and residential markets. There are also rising concerns about an oversupply of high-end residential and commercial space, with dozens of new projects still in the pipeline expected to come on-line in the medium term. Oversupply will be a major long-term concern for nearly all segments of the…

Interview

Sustainable downtown: OBG talks to Abdulla Hassan Al Mehshadi, CEO, Msheireb Properties
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Interview:Abdulla Hassan Al Mehshadi Has the local real estate industry implemented environmentally friendly and sustainable projects in line with national objectives? ABDULLA HASSAN AL MEHSHADI: Msheireb Downtown Doha (MDD) was built on the concept of sustainability in line with Qatar National Vision 2030, and the project will have one of the highest concentrations of LEED-certified sustainable buildings in the region, making it the world’s first sustainable downtown regeneration…

Interview

Unparalleled value: OBG talks to Ibrahim Jassim Al Othman, President and CEO, United Development Company (UDC)
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Interview:Ibrahim Jassim Al Othman What plans does the company have to meet growing local demand? Is your strategy to invest internationally, or is the core focus Qatar? IBRAHIM JASSIM AL OTHMAN: The Pearl-Qatar is far from saturated, and we think it is best placed to absorb growing local demand in the market, particularly amongst the growing segment of young Qatari professionals who have travelled the world, appreciate quality and are looking to invest in the local real estate market. Furthermore,…