Propertyfinder.ae has published the results of its Quarter 1 report for its Qatar section of the site, propertyfinder.qa, revealing that high-end properties in the country are in hot demand from buyers and renters alike.
The report, which analysed visitor data from propertyfinder.qa, showed that the highest ‘buy’ price bracket of QAR 10 million or more was in the top three most searched bands, at number three. This matched with the fact that Qatar’s famous luxury island development The Pearl got a massive 74 per cent of views from renters – also the most viewed location for buyers – shows that the top end of the market in the country is booming.
Qatar has weathered the downturn better than many economies around the world and the government had embarked on ambitious real estate, construction and infrastructure developments introducing over US $100 billion in new projects, many of which are already underway, including residential, commercial, retail, and hospitality developments.
“The propertyfinder.qa statistics for the first quarter of 2013 paint a very positive picture for the real estate market in Qatar,” commented Renan Bourdeau, managing director, propertyfinder. “It’s timely that the results of our industry leading report have come out in the run-up to Cityscape Qatar, because we will be meeting hundreds of property professionals at the event to look at ways to capitalise on such a crucial time in this vibrant new market.
“Cityscape Qatar has grown into a fantastic real estate showcase and I believe some major deals will come out of the 2013 edition. As always, our team in Qatar is ready to forge closer ties and identify any interesting new trends.”
Cityscape Qatar takes place from 27-29 May at Doha Exhibition Centre, Qatar.
The full propertyfinder quarter 1 report for Qatar is available upon request.