Property Finder, a leading real estate platform in the Middle East and North Africa, released its comprehensive Market Watch Report for 2023, which provides an in-depth analysis of Qatar’s residential real estate market trends, performance, and prospects.
The 2023 Market Watch Report highlights Qatar’s real estate market’s successful navigation through economic fluctuations, demonstrating resilience and long-term growth. Over the year, real estate and contraction activities increased by 3.4%, contributing significantly to Qatar’s GDP, owing to new permits and ongoing projects in the sector.
Khaled al Saeh, Country Manager for Bahrain & Qatar at Property Finder, emphasized the strategic insights provided by the report, stating, “This year’s Market Watch underscores the dynamic nature of Qatar’s real estate market and it is promising to see this growth, which along with the contractions sector, contributes to nearly a third of Qatar’s non-oil sector. Despite global economic uncertainties, robust investment activities persist in many areas driven by both governmental initiatives and private sector developments. This upward trend signifies a maturing market that continues to offer substantial opportunities for both domestic and international investors.”
