Qatar’s housing sector is showing significant growth across the board with its current value of $ 5bn and is expected to grow steadily over the next few years, Cityscape Vice-president Chris Speller revealed on the Peninsula. There is a strong recurrence rate in all different housing and housing sectors, Speller said. When we look at the residential market, we see styles such as one-story buildings are the best-selling item, making up 53 percent of all transactions.
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This growth will continue to flourish within the residential market. Qatar has also announced that more than 100 new hotels and apartments with services will be launched within the tourist portfolio leading to the Qatar World Cup 2022. Speller highlighted the many developments taking place in Qatar, especially the City of Lusail by the Qatari Diar Real Estate Company, reflecting the level of progress made by the Qatari Government on a large scale after the Qatar World Cup 2022.
He said Lusail City will provide a selection of commercial and recreational areas, a natural environment, and a unique collection of building materials. Such projects are examples of national strength and further strengthen investment potential in the housing market, Speller said. According to Mordor Intelligence, the Qatari real estate market is expected to register a CAGR higher than 11.5% during the forecast period (2022 – 2027).
Speller said various industries are still severely affected as the global economy emerges from the epidemic. However, over the past few months, we have seen growing confidence and market stability around the world and regions. The GCC region has been at the forefront of energy consolidation, with real estate transactions growing by about 52 percent by 2021, surpassing 2020 figures, as the market recovers slowly. We have a lot to look forward to in the Qatari housing market this year.
With the FIFA World Cup and the strong tourism growth, there is great potential for market growth. Another important area is the Environmental, Social, and Governance (ESG) initiative which, combined with the government’s ongoing efforts to improve industry independence, Qatar’s housing industry will continue to grow, he added.
Commenting on the upcoming Cityscape Qatar, entitled ‘Sustainable, Resilient, Affordable and Liveable’ which will take place from June 20-22 at the Doha Exhibition and Convention Center (DECC), Speller said the event will highlight many exciting projects that will follow the FIFA World Cup.
In June, Cityscape Qatar will explore the events at a three-day exhibition, while the Cityscape Talks stage will feature a list of industry leaders, discussing the latest trends that are building the market and areas for continued growth in real estate industry. For more to know about Qatar World Cup tickets Click here.
Many of the sustainable design elements have also been incorporated into the new commercial real estate projects, in line with Qatar National Vision 2030. Going forward, a strong appeal for environmentally friendly projects will be successful in all areas of hospitality, residential and commercial sectors.
According to Cityscape VP, this year’s event will allow guests and industry professionals to immerse themselves in the housing world. It promises to be a great opportunity to connect with industry experts, developers, and customers, especially with promising events in Qatar this year.
Every year, we see an increase in exhibition numbers and interest from regional markets to visit and see the latest projects being launched in Qatar. Investment opportunities are evident, and this year’s show is important for those looking to enter the market, he added.
QNB signs an agreement with Qatar Rail to promote its brand on Doha Metro trains, stations
QNB Group has signed a memorandum of understanding with Qatar Railways Company (Qatar Rail), which will enable the bank to advertise its name on Doha Metro trains and three municipal network stations. The stations, namely Hamad International Airport, Corniche, and QNB Lusail, will be marked in preparation for the FIFA World Cup 2022 hosted by Qatar for the first time in the Middle East.
The agreement enables the bank to participate as the official sponsor of the Middle East and Africa Cup of Nations for the Qatar World Cup 2022 and demonstrates its commitment to highlighting its status among those to be displayed in all key public institutions and sectors such as public services, transport, and transport. , in addition to projects related to hosting the FIFA World Cup.
The partnership will provide QNB with an opportunity to market its banking system, which is very important in the Middle East and Africa region. It also guarantees QNB leadership as a financial and banking institution that provides the latest services and products in the Qatari market and other markets around the world.
Heba al-Tamimi, general manager of QNB Group Communications, said, we are proud to sign this new agreement with Qatar Rail, which strengthens our ongoing relationship with this national company and will allow us to showcase our product, which is the most important in the region, during this special competition program. Ajlan Eid al-Enazi, chief executive (Strategy and Business Development) at Qatar Rail, said: We are delighted to sign this agreement with QNB, which is a very important and important step for us, and we look forward to strengthening this relationship.
Doha Metro has become a major attraction for citizens, citizens, and visitors, and offers unique opportunities for local and international companies to market their products and services. He added: This agreement falls within the framework of the Qatar Rail strategy which aims to support national and international companies and products to take advantage of the opportunities available and opportunities in our stations and trains by placing ads. For more to know about Football World Cup tickets Click here.
Undoubtedly, this strategy plays an important role in providing quality services to commuters and visitors by contributing to the provision of additional non-statutory revenue sources and Doha Metro and Lusail Tram levies, to support economic diversification and promote business growth and development. QNB Group expands its subsidiaries and affiliates to 31 countries across three continents offering a wide range of advanced products and services.
More than 7 million passengers move to Qatari airports during the FIFA World Cup
The Qatar Civil Aviation Authority (QCAA) has, in a report, estimated that the number of passengers, including arrivals, departures, and transportation, at Qatar airports during the months of November-December 2022 will be over 7 million.
Meanwhile, according to the report, the number of passenger flights at Hamad International Airport (HIA) and Doha International Airport is expected to reach approximately 28,000 scheduled and chartered flights during the FIFA World Cup from November 21 to December 18, 2022. The report indicates that the expected number of passengers during November and December 2022 will exceed the number of simultaneously recorded numbers in 2019, which precedes the COVID-19 epidemic, by about 11%.
The weather report is prepared for normal viewing and aggressive viewing. It predicts that the total number by November 2022 will be approximately 3.5 million passengers on the Conservative route and 4.1 million on the non-violent route, while the figure by December 2022 is expected to reach 3.6 million passengers on the conservation route and more. 4.7 million On the aggressive route.
The report added that passenger traffic forecasts indicate that it is possible to record significant growth from + 90% to + 105% compared to 2021, bringing the total number of passengers per year to about 34 million, assuming the return of travel is ongoing. , and additional countries are eliminating health-related travel restrictions.
The report considers the expansion of air travel restrictions, as well as the removal of all health-related travel restrictions by approximately 25% of countries most of them European. It also added that passenger forecasts are based on various industry indicators which include the gradual expectation of international airline availability from the epidemic and the further expansion of travel limits.
It is also speculated that there will be an expected increase in the number of charter and transport flights during the Qatar World Cup 2022 between Hamad International Airport and Doha International Airport and other GCC airports.
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