Qatar’s real estate market remains resilient to global economic headwinds and will witness “continuous growth” on the back of the government’s “wise policies,” an official has said.
“I highly advise people to invest in Qatar, which is one of the countries where the value of their real estate investments will always grow,” Just Real Estate (JRE) chairman Nasser al-Ansari told Gulf Times on the sidelines of the opening ceremony for JRE’s new 1,000sqm luxury real estate sales centre in Al Shoumoukh Tower.
Al-Ansari pointed out that the market value of land at West Bay Lagoon grew from “QR35 per square foot” a few years ago to “QR1,000 per square foot” today.
“I always tell people to buy real estate because it is a good investment,” al-Ansari stressed, adding that 85% of JRE’s portfolio is focused on Qatar, while the remaining 10% will be distributed in the UK and 5% in other countries.
He added: “These are exciting times for Qatar, its real estate sector, and for Just Real Estate. This move to a new home is a sign of our intent to continue as the leader in property solutions. From our new base, we can more efficiently lead, guide, and inform our clients about real estate investment opportunities.”
During the opening ceremony, al-Ansari said: “JRE is a one-stop destination for all real estate solutions. We manage and facilitate sales and leasing opportunities in some of the most exclusive real estate projects in Qatar and abroad, provide marketing communications expertise, development management, asset management and property and facilities management so it was important to us to have a home that reflects our vision. With this luxurious new headquarters, we now have the perfect platform to continue exceeding the needs of our clients and showcasing our expanding portfolio.”
A dedicated in-house team will also use the new centre as a base to develop marketing strategies for JRE’s local and international collection.
JRE has a diverse property portfolio in Qatar’s burgeoning real estate sector with highlights, including 'THE e18hteen', a luxury commercial building positioned on the edge of the Lusail Marina District; Jenan Residence, which offers attractive mixed-use properties also located in Lusail’s Marina District; The View Residence, a 15-storey residential complex in the prestigious Qutaifiya area near the Diplomatic Club.
La Verna Villas & Residences is a state-of-the-art compound serving up the ultimate in family living in Doha, and covering an impressive 39,572sqm plot, while the Samrya project includes The Samrya Twin Towers, a new stylish high-rise that complements the attractive skyline in the upscale West Bay district of Doha; The luxurious residential units, Samrya 44; and the opulent hotel apartments of Samrya Village.
In just 12 months, JRE has earned a reputation as an influential figure in overseas markets by adding properties in the UK, the US, and Turkey to its growing list of options now available to investors seeking international assets.
JRE is also the exclusive referral agent in Qatar for Riverwalk, Chiltern Place, and The Heron, owned by Ronson Capital Partners, a trio of coveted residential addresses that offer prime addresses in the heart of the UK capital with access to the city’s range of amenities and attractions.
Additionally, the JRE’s rapidly-growing global reputation for managing property has resulted in the addition of two prestigious US addresses to its portfolio: 75 Kenmare and 87 Park, Miami.
JRE’s overseas interests also extend into Turkey, where the company manages Taksim 360 and also facilities opportunities in the Quasar & Fairmont Residence Istanbul, as well as the Fairmont Residence and Hotel Tower with a street-level shopping arcade boasting great opportunity to potential customers.