Global real estate advisor DTZ Qatar, opened its new dedicated residential leasing and sales office in Medina Centrale – The Pearl, Qatar.
Edd Brookes, general manager of DTZ Qatar, said at the ribbon cutting ceremony: “This is a great day for DTZ Qatar.
“Our aim as a real estate firm is to grow sustainably with the country, maintain our international best practice standards and playing our part as Qatar strives towards its 2030 National Vision goals.
“Our move onto The Pearl demonstrates the confidence we have in Qatar and the commitment we have to its market growth.” The Peninsula reports.
In its Q3 market report, DTZ Qatar outlined that the residential rental market outlook is said to be strong despite increasing vacancy.
The population increase, stemming from the growth in the private sector in non-hydrocarbon industries has boosted the rental market for the last two quarters.
The residential sales market had a strong start to the year, with the increase in mortgage applications from 2014 continuing into Q2.
This year the residential market has seen the highest amount of sales activity, where second hand units typically trade between QAR13,000 and QAR15,000 per sqm, and new units can achieve in excess of QAR17,000 per sqm.
The new office was officially inaugurated with the support of the company’s Qatari partners, Dr. Ghanem Al Hammadi and Mr. Ibrahim Al Asmakh.
