However, the report was cautiously optimistic, saying that “the market’s resilience primarily stemmed from domestic leisure demand, as Saudi nationals looked to travel domestically rather than an intern
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According to a KPMG report, real estate demand in Qatar is on the rise, taking into account the potential for organizational real estate concepts such as the removal of barriers, positive regulatory changes, and REIT.
Given the above developments, the country is ready to see an influx of investors: “With increasing market opportunities and an influx of white-collar workforce, the demand for residential housing is likely to increase positively in the short and medium-term. KPMG noted. DOHA
Real estate transactions in Qatar are also on the rise. Over the past six months, the value of real estate transactions has exceeded QR15bn, which is highly encouraging. New real estate products, as well as entertainment offers, can be found in the integrated urban form. KPMG noted that projects such as Ketiphan Island and Lucille Seef are attracting significant interest from buyers as well as investors.
As Qatar opens its real estate market to foreigners and benefits its permanent residents, the Qatari residential market will move from rent-based real estate to a capital (sales) economy. The year 2020 is a work in progress. The concept of Work From Home (WFH) has changed the way businesses operate today. While many corporate companies can be seen adopting and embracing this concept, KPMG believes that the dynamic/hybrid workplace model will become a new general post-epidemic. The future office will promote health benefits with a greater focus on flexibility and safety.