Qatar’s realty sector sees growth in Q1 – The Peninsula

Qatar’s realty sector sees growth in Q1 – The Peninsula

The real estate residential market in Qatar is booming and witnessing growth due to high demand. The residential supply in the country was estimated at 308,000 units with the addition of 700 units during the first quarter (Q1) of the current year according to according to a recent report by ValuStrat.

“Two residential projects in The Pearl including a tower, and seven apartment buildings in Lusail, were completed adding 600 apartments. Also, Ezdan Real Estate has announced the launch of 4,000 units across eight compounds in Al Wakrah municipality during 2022. Residential stock in Qatar was estimated at 308,000 units with the addition of 700 during Q1, 2022,” the first quarter report said.

“Barwa Real Estate announced the lease of the Madinatna project, comprising 6,780 apartments in Al Wukair to the Supreme Committee for six months during this year. Qetaifan Island North launched the sale of phase 3, consisting of 40 residential villa plots and Dar Al Arkan, a Saudi developer, has launched Les Vagues residences (70 apartments) in Qetaifan Island North to start development post Q2, 2022,” it added.

The housing market in Qatar has been showing the signs of progress as the demand for apartments and villas have risen. Rise in