Transparency, robust regulations key to boost property investments in Qatar

  • Date: 08-Feb-2024
  • Source: Zawya
  • Sector:Real Estate
  • Country:Qatar
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Transparency, robust regulations key to boost property investments in Qatar

Promoting an environment of transparency and well-defined regulatory policies will play a crucial role in attracting real estate investments into Qatar, an executive of Cushman and Wakefield has said.

Johnny Archer, head of Consulting and Research at Cushman and Wakefield, made the statement Wednesday during the firm’s regular real estate ‘Breakfast Seminar’, where he was joined by other speakers Edd Brookes, GM & head of Middle East, and Mairead Hughes, Country Manager Qatar, Oman & Kuwait, RICS.

Archer lauded the recent measures implemented by the Qatari government, such as the online real estate platform, the establishment of a new Real Estate Regulatory Authority, and the inaugural meeting of Qatar Chamber’s Real Estate Committee.

He emphasised that a transparent and well-regulated market is imperative in attracting real estate investment. "Qatar’s real estate market adjusts and matures following years of strong growth ahead of the World Cup, and receiving advice from real estate professionals has never been more important.”

Discussing the firm’s ‘Q4 Real Estate Market Review’, Archer pointed out that recent months have seen increased activity in the government sector.

"We understand that in excess of 70,000sqm of office space across West Bay and Msheireb has either been leased or is under offer to various government