Real Estate
From The Report: Qatar 2020
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The real estate market in Qatar saw a boom between 2013 and 2017, and after some turbulence in recent years, has begun a period of recovery, with 2019 reflecting stabilisation. As developers continue to fulfil requirements for the 2022 FIFA World Cup, the real estate pipeline is likely to reach its peak between 2020 and 2022, after which new supply will fall back to earlier levels. There are promising signs of fresh demand, driven in part by greater affordability which will absorb the new supply and allow the sector to return to higher growth. While new hydrocarbons projects are expected to reinvigorate the economy, the effect that Covid-19 will have on the country’s real estate industry remains to be seen. This chapter contains an interview with Abdulrahman M Darwish, CEO, KBM Group Qatar.