Qatar’s Growing Population Drives Key Housing Projects in Pipeline

Qatar is planning many new housing and business projects in the next few years. Big companies like Qatari Diar and the United Development Company (UDC) are leading the way. These new projects will change the look of Qatar real estate in 2025.

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Serban Spirea, a real estate expert and the CEO of FG Realty, shared his views with The Peninsula. He said that there will be more new homes and business buildings in Qatar after 2024. He believes this growth will be because more people are moving to Qatar and because the country’s economy will improve after the 2022 FIFA World Cup.

Looking back at this year, Spirea said that the market for expensive homes and business properties has grown. He believes this growth will continue in 2025 and will help Qatar’s economy. The real estate market has also attracted foreign investors, bringing money into the country.

With so many new housing and business projects, experts think rents will change depending on the type of property and where it is located. However, officials say that rents have stayed steady in the last few months of 2024 and should stay the same in 2025.

Spirea also said that rents in the last part of 2024 have become more stable after rising earlier in the year. There are more homes available in places like Lusail and The Pearl, and this has helped keep the rent prices stable. He also mentioned that inflation and new infrastructure improvements are affecting the market.

Spirea talked about how the housing sector is changing. He said there are many new projects happening in new areas. The focus is on high-end properties in Lusail and The Pearl. These areas will have homes and businesses mixed together, and there will be special branded homes for global investors and tenants.

Finally, Spirea said it is important to work with both local and international investors. He believes that working together is the key to growth, and FG Realty is talking to people from all over the world to bring new ideas and grow the company worldwide.

In the end, Qatar’s real estate market will continue to grow with many new projects in the coming years. As the country’s population increases and the economy grows, areas like Lusail and The Pearl will become even more important in the global real estate market.

Dec. 30, 2024 5:12 p.m. 410

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