Real Estate
From The Report: Qatar 2019
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As a key driver of diversification efforts, the real estate sector has been an important contributor to economic growth in recent years. According to a 2018 report, non-mining and quarrying sectors registered a combined compound annual growth rate (CAGR) of 6.8% between 2013 and 2017, which was largely attributed to four sectors: construction, health care, insurance and real estate, with the last registering a CAGR of around 7.6%. Despite this positive performance, early 2018 saw growth moderate, most likely influenced by a regional blockade that saw Saudi Arabia, the UAE, Bahrain and Egypt sever diplomatic ties with Qatar in July 2017. However, the effects were short-lived, and the sector is back on track and poised for growth. This chapter contains an interview with Nasser Al Ansari, Chairman and CEO, Just Real Estate.

Articles from this Chapter

Overview

Home base: Despite an oversupply of stock and shifting visitor patterns, strong fundamentals bode well for the industry
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As a key driver of efforts to diversify Qatar away from reliance on the energy industry, the real estate sector has been an important contributor to economic growth in recent years. According to a 2018 report from the Planning and Statistics Authority (PSA), non-mining and quarrying sectors registered a combined compound annual growth rate (CAGR) of 6.8% between 2013 and 2017, which was largely attributed to four sectors: construction, health care, insurance and real estate, with the last…

Interview

Surging foreign demand: Nasser Al Ansari, Chairman and CEO, Just Real Estate, on market dynamism, distribution and differentiation
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Interview:Nasser Al Ansari What impact will changes to foreign ownership regulations have on local property demand? NASSER AL ANSARI: The means for foreign nationals to purchase property in Qatar are already in place in certain regards, but regulatory reforms will help to formalise, expand and better manage this process. Opening the market to foreign nationals will contribute to long-term demand for properties. As competition increases and the market matures, end-users will benefit as developers…