Unwavering Qatar real estate market despite lockdown: 4 reasons why
Whether you’re looking to rent, sell or invest in Qatar property, you may be contemplating: will property sales continue to grow as seen at the start of 2020? Qatar’s real estate market successfully navigated through one Great Recession, can it bounce back again?
Thanks to the Qatari Government’s allocation of QR75bn ($20.5 billion) towards private sector business support throughout the outbreak, as well as other smart initiatives and digital innovations. Qatar’s property market remains resilient and highly-adaptable throughout this unprecedented time.
Property market researchers, including Savills and our team of experienced Qatar property developers, predict that the disruption to the Qatar real estate market will likely be short term.
Let’s dive into the property market’s current insights and future predictions.
Strong government support
The Qatari Government promptly tackled COVID-19 business risks by teaming up with Qatar’s Finance and Business Academy for risk prevention advice and Microsoft for safe remote working solutions for estate agencies and entrepreneurs.
Therefore, property transactions are continuing at a precautious rate, with many homebuyers sourcing properties now for their big move post-pandemic.
If you’re looking for a new home, you can contact our team at The Pearl Gates over video call for safe property viewings and advice.
Demand for new homes continues
Did you know that buying a property in Qatar automatically grants you residency?
You can buy a new home in attractive, visa-granting communities including The Pearl, West Bay Lagoon and Al Khrajj, and gain the same benefits as a Qatari national:
- Free high-quality health care
- British Curriculum education
- Civil service and military career options
- Tax-free income
Qatar continues to be a highly sought-after location amongst expats and international families, with demand expected to increase even further post-COVID-19.
Investors love long-term Qatar real estate market benefits
You may be a property investor who is unsure about whether to invest in property for sale in Qatar right now. We don’t blame you! But there are many savvy entrepreneurs out there who are looking at the long-term benefits:
- Reasonable property prices
- High, consistent rental returns
- World-renowned property locations
- Low-tax policies
Qatar’s luxury yet affordable property market is still the perfect place to diversify your property portfolio and gain high rental returns. Furthermore, if you choose to sell in the future, you can do so with reassurance, knowing that declines in property prices are continuing to slow.
Still available! Groundbreaking ROI’s
Like the sound of 5-7.5% ROI on a newly developed property for sale in Qatar? If so, you’ll be happy to know that our expert team is still available remotely 24/7 and can help you make the right decisions in real estate.
Families and professionals can also continue to source the best price-conscious luxurious apartments in Qatar from The Pearl Gates, with unique interior design services. We understand that your home means everything to you right now, and we look forward to helping you make your impending move.
In the lead up to the ‘new norm’, we wish you, your families, friends and co-workers a safe journey throughout this challenging period.
Talk to our friendly team of property experts online or over the phone for unmissable investment deals and affordable quality homes.