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.

Articles from this Chapter

Overview

Foundation for growth: Market shows signs of recovery after several years of instability
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Although Qatar’s real estate sector is still experiencing the effects of the trade embargo imposed by some regional neighbours in 2017 as well as cyclical oil prices, the sector has begun to rebound, buoyed by continued government efforts to mitigate the economic consequences. The drop in oil prices in early 2020 amid the Covid-19 pandemic has affected economies worldwide, but the long-term prospects for the sector are positive. Rents have become more competitive regionally, attracting…

Interview

Tangible results: Abdulrahman M Darwish, CEO, KBM Group Qatar, on smart home technologies and the importance of the private sector
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Interview:Abdulrahman M Darwish What role do you expect public-private partnerships (PPPs) to play in the future? ABDULRAHMAN DARWISH: Qatar has demonstrated an impressive record of economic growth over the past decade, and PPPs can play a key role in addressing challenges of efficiency and capacity. They can help establish a long-term commitment from international and local companies, and contribute technical knowledge and expertise that are not necessarily present in the public sector.…

Overview

Urban adaptation: Rapid urbanisation and young, growing populations put pressure on emerging markets to solve housing deficits – Qatar
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Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to 4.2bn, equivalent to roughly 55% of the world’s population. By 2050 the UN estimates that this figure will rise to 68%. This growth will not be distributed evenly, but rather disproportionately concentrated in the developing world, with high rates…