Qatar’s leading property portal, has reported a 5% overall rise in values of residential real estate between December 2013 and January 2014. Tracking price rises across key neighbourhoods, the portal revealed that whilst properties stood at QAR 6.6 million in December last year, the figure rose to QAR 6.9 million within a month, in January.

Residences in The Pearl, one of Qatar’s most glamourous addresses, went from QAR 3.8 million in December to QAR 3.9 million in January whilst West Bay, another prominent district, saw prices move up to QAR 2.4 million from QAR 2.3 million during the same period.

With more than USD 200 billion worth of projects due to be awarded in the years leading to 2030, Qatar will be burgeoned further by international and government investment, said Monsi Rabah, Country Manager of propertyfinder’s Qatar operation. “Since the successful World Cup bid and the introduction of new foreign ownership laws, there has been a sharp spike in property prices. Foreign investors are buying, construction is accelerating with massive infrastructure projects including a new metro and light rail system underway, the landscape is changing and with more than USD 10 billion dollar growth projected over the next decade, we are gearing up for the next big boom,” said Rabah.

With real estate heavyweights pumping in billions towards residential and commercial developments, the country’s risk profile also offers interesting opportunities for international investors.

“With spending expected to accelerate in the lead up to 2022, Qatar’s growth might just trump that of other regional markets this year,” concluded Rabah
 

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