How Qatar’s real estate grew thanks to FIFA :The real estate market in Qatar has seen a huge surge in the last decade. Many businesses immediately recognised the potential when it was announced that Qatar would host the FIFA World Cup in 2022.During the FIFA World Cup, these investors began purchasing real estate that offered the potential for a healthy return on their investment.
As per our discussion with Mohammad Atif, the employee of a real estate company in Qatar, ” Since 2010, residents of Doha have been purchasing real estate, which has resulted in a return on investment that is equivalent to 200 percent”.In the past ten years, Qatar has undergone a phenomenal amount of change, particularly in Doha, where the city’s infrastructure has caught up to that of other major global cities.
Also, read – Why fans are reselling their Fifa match tickets
How Fifa attracted Foreign investors to Invest in Qatar real estate
We had a talk with an employee of a company based in Portugal, and it was very interesting. They do not feel at ease discussing their names. As per the employee, took properties on lease in Doha, to have gains while FIFA world cup events. According to the employee, the company gained the confidence to invest in Qatar’s market as a result of Qatar’s global business orientation. In contrast to the other countries in the Middle East, Qatar is taking a more global strategy. The fact that they become host in the FIFA tournament is evidence of this.
Is Real estate market in Qatar, going to be same after FIFA event ?
Some people have become rich in Qatar because of their right timing of real estate investment. However, are the prices going to be same after FIFA world cup also ? People have mixed reviews about it. We spoke with one of the leading experts in the real estate sector, Mr. Ali, and he informed us that things are not going to continue as they have been, but that there will also not be a significant decline. According to him, Doha is rapidly becoming a popular tourist destination, and the government of Qatar is actively promoting the city as a place to visit.Also Doha is a home to many corporate companies, in the long term, Qatar real estate will perform much better.
Summariser
- The real estate market in Qatar has seen a huge surge in the last decade.
- Many businesses immediately recognised the potential when it was announced that Qatar would host the FIFA World Cup in 2022.During the FIFA World Cup, these investors began purchasing real estate that offered the potential for a healthy return on their investment.
- As per our discussion with Mohammad Atif, the employee of a real estate company in Qatar, ” Since 2010, residents of Doha have been purchasing real estate, which has resulted in a return on investment that is equivalent to 200 percent”.
- Is Real estate market in Qatar, going to be same after FIFA event ?
- However, are the prices going to be same after FIFA world cup also ?
