Qatar’s real estate market positively adapts for buyers after 2020’s uncertainty

2020’s pandemic uncertainty influenced property buyer and investor preferences as we entered the new year, with many opting for more spacious environments and easier, safer ways of buying property in Qatar.

The ultimate questions are: what are the Qatar real estate market’s greatest lessons from 2020? And how is it adapting to benefit its buyers, property investors and aspiring expats, as well as itself?

Transforming digitally

Qatar’s digital agenda is seeing global giants like Microsoft building a cloud data centre in the country and Qatari-based Meeza building its fourth data centre in Doha — both due for completion during 2021. PropTech, including virtual viewings, is becoming more readily available, fulfilling residents’ desire for a safer buying journey.

More space at home and work

Moreover, a rising number of buyers are requesting more spacious areas for working from home or returning to the office. Residential property developers are thus reimagining living areas with the need for more space in mind.

Co-working spaces are also on the up, with developers creating the workplace of the ‘new norm’ by offering companies ‘professional distance’.

State-of-the-art communities engulfed in greenery

Additionally, new state-of-the-art communities with luxurious homes and substantial open and green spaces are growing in Qatar. For instance, the stunning man-made Island, The Pearl, benefits from a more distanced and safer environment for families. New recreational and entertainment venues and essential facilities are being constructed close to home.