* Providing an end-of-year review and forecast Just Real Estate chairman Nasser al-Ansari said the country had much to gain from hosting the FIFA World Cup 2022 and from the new Doha lifestyle properties now coming onto the market
Qatar real estate sector’s GDP contribution will only increase going forward, said Just Real Estate (JRE) chairman Nasser al-Ansari.
Providing an end-of-year review and forecast he said the country had much to gain from hosting the FIFA World Cup 2022 and from the new Doha lifestyle properties now coming onto the market.
Al-Ansari said after a difficult 18 months, when the market was subject to volatility brought on by the Covid-19 pandemic, the sector is once again emerging as a key growth platform within Qatar’s economic diversification aims, which are inherent in the country’s National Vision 2030.
“We believe the real estate sector’s GDP contribution will only increase going forward,” he said.
“This will be particularly so in 2022 when Qatar will receive global exposure with the arrival of the FIFA World Cup. We will be on show to over a million fans, teams, and their entourage, and also to the many millions who will watch the matches around the world.
“Not only will Qatar be on show, so too will this region, as this will be the first time that the World Cup will be held in the Middle East – it is therefore of great importance with implications stretching well beyond the championship stadiums, where the matches will be held.”
Al-Ansari said Qatar and the region will benefit from the World Cup exposure by opening up people’s minds to the country and the region as places to live, work, visit and enjoy.
“We will have the opportunity to tell people of our remarkable geographic location from which they can service a wide customer base of over 1.8bn, they will hear and see the great developments in which they can invest and many more will have their interest in visiting Qatar and the region stirred. Much more than football scores are at stake here, and at JRE, we plan to support all efforts to put Qatar’s compelling investment and tourism case forward.”
The JRE chairman said World Cup visitors and viewers from around the world will see a new style of living in Qatar – one that is focused on luxury, convenience, sustainability, and facilities for a great work-life balance that aids mental and physical wellbeing.
“Projects, which truly reflect new Qatari living styles, include the Four Seasons on The Pearl, Terazza Residence in Lusail and Qetaifan North Island,” he said.
He said, “We look forward next year to the completion of The Four Seasons Hotels & Resorts, on The Pearl, which offers the country’s first serviced residences and private apartments, managed by this high value brand.”
JRE’s latest offering – the luxurious Terraza Residence in Lusail Fox Hills- epitomises new Doha living with a wide range of apartment options from studios to spacious two-bed residences ready for investment by Qataris and foreigners alike.
JRE also reported strong investor interest in Qatar’s future iconic destination – the 1.3mn square feet Qetaifan Island North in Lusail. “This destination is a huge vote of confidence in the future of Qatar, the anticipated viability of its hospitality and tourism sectors and the intended quality of lifestyles in Qatar,” said Al Ansari.
The island features residential beachside villas and Qetaifan Projects’ new ‘Duplex’ units in limited quantities within the South Mid-rise towers on the marina.
These distinct units are characterised by unprecedented privacy, each has a private entrance, swimming pool, spam parking lot and its own garden and separate staff accommodation. The units come with an average area of 450 square meters.
Guests attending included ambassadors Rashad Ismayilov (Azerbaijan), Victor Tvircun (Moldova), Khisrav Sohibzoda (Tajikistan), and Hamid Reza Dehghani (Iran).