The introduction of foreign investment-friendly laws such as legalisation of foreign ownership for various asset classes in some 10 locations has benefited Qatar’s real estate sector in 2019, a new report has shown.
Riding on the wave of higher foreign ownership limits by certain constituents and robust first quarter financial performance, the Qatar Stock Exchange on Wednesday gained more than 97 points to surpass 9,000 levels.
The Qatar Stock Exchange witnessed more than 64% of the traded constituents decline but overall it settled 126 points higher this week, riding on the waves of increased foreign ownership limits in certain underlying scrips.
The Qatar Stock Exchange continued its bullish run for the second day on Tuesday to surpass 9,000 levels mainly on strong buying interests of domestic funds.
Preparations for the draft law on foreign ownership of real estate is “a valuable” initiative aimed at creating new opportunities for the country’s property market, according to SAK Holding Group’s monthly real estate report.