Following FIFA 2022, are the 2030 Asian Games expected to impact the Qatar real estate market positively?
Qatar’s constant innovation and economic development was a prime reason why the country won the right to host the 2022 FIFA World Cup in 2010, and more recently, the 2030 Asian Games.
Even when oil prices plummeted in 2014, the Qatari government was proactive in stabilising and protecting its oil-rich economy going forward.
They soon developed solutions to bolster the Qatar real estate market, one being allowing expats, who are a substantial section of the population, to gain permanent residency by buying properties for sale in Qatar.
And this perseverance to succeed remains at the country’s heart as wheels are set in motion for the 2030 Asian Games—a respected sporting event Qatar last hosted in 2006!
Doha, the capital city of Qatar, was ranked the Third Trending Destination in the world by Tripadvisor in 2021
Doha, a growing city, hosting the 2030 Asian Games, with impressive entertainment locales and sustainable housing, is a hallmark project of the Qatar National Vision 2030: transforming the country into an advanced society with green principles to support high standards of living and its economic and environmental future.
With the upcoming events and the phenomenal infrastructure on the way to support the massive 1.7 million people expected to be hosted in Qatar throughout the FIFA 2022 World Cup, it’s no doubt a potential investment opportunity you wouldn’t want to miss.
The Olympic Council of Asia described Doha’s winning bid for the 2030 Asian Games as “compact and risk-free” as 90% of the infrastructure needed for the event is already in place.
Alongside the 2022 Fifa World Cup games, the 2030 Asian Games is expected to support the country’s international tourism spotlight and solidify its ranking as the Persian Gulf’s sports hub.
Owner investors can leverage this growing tourism and influx of new expats working at the events to support and stimulate their property investments.
Gewan Island is making great efforts towards completing infrastructure projects
The stunning island attracts families and professionals across the globe with its ethereal beachfront living tucked in serene surroundings and access to 11,000sqm of retail shops, lush landscape and walkways – all expected to be ready in 2022, in time for the FIFA 2022 events!
Once its extensive development is completed, which includes a waterfront hub and luxurious residential units surrounded by lush green spaces, promising real estate investment opportunities will be open in the lead up to the 2030 Asian Games, which will undoubtedly meet the lifestyle needs of tenants.
The recent lifting of the three-year embargo, with lost trade links and routes between Qatar and Saudi Arabia and the UAE reopening, is also anticipated to positively impact the success of the economy and real estate investments over the coming years.
Thus, Qatar’s real estate market is anticipated to remain favourable for property investors and local property buyers alike.
There’s potential to secure high-standard properties at lower than usual prices post the 2022 Fifa World Cup. And our realty experts expect the real estate market’s resilience to continue up to and beyond the 2030 Asian Games, which is anticipated to create thousands of new jobs, help with business expansion and strengthen the local economy.
If you are considering entering the world of Qatar real estate investment, you can talk to our experienced realtors in Doha, Qatar, at The Pearl Gates on (+974) 5086 7771 for expert advice on the best properties for high ROI.