Qatar real estate expected to grow

Qatar’s real estate market is expected to continue its strong position regionally into 2009, according to a report by Asteco.

Citing opportunity cost as a key decision-maker for property investors in the region, Qatar will continue to provide good quality investment opportunities in the medium to long term due to its strong market fundamentals, the report said.

A growing economy and population built on the back of the country’s expanding oil and gas projects means demand will continue to remain positive in 2009.

Interest from both GCC and expatriate investors continues to be cautious since the last quarter of 2008 but we still expect a healthy outlook for high-end residential properties in Qatar.

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