The recovery of the hospitality sector in Qatar

The report of Al-Asmakh Real Estate Projects Company revealed that the movement of the hospitality sector in Qatar will be the most active during the fourth quarter of this year at the regional level, supported by the occupancy figures of visitors and fans of the World Cup. He added that investors who have invested their liquidity in the real estate sector will benefit from the positive returns for the organization of the FIFA World Cup in Qatar 2022, indicating that the Qatari real estate sector has seen an increase in rental prices since the beginning of the saw second year. half of this year.
The report added: The World Cup contributed to improving returns for investors in all components of the property market, whether residential, commercial, tourist or hotel apartments. The report expects the retail real estate sector to exceed the rates recorded for its annual return during the year 2021 by 8% during the current year, supported by the high growth in consumer spending due to the influx of visitors to Qatar on the impact of the 2022 World Cup.
Regarding housing units, Al-Asmakh’s report said: The housing units sector will reach incomes at the end of this year to levels that exceed the levels recorded before the pandemic.
Regarding the real estate scene after the World Cup, the report indicated that the plans made by real estate developers and real estate asset management companies took into account all variables, as many real estate companies signed long-term contracts with beneficiaries. from companies or government agencies, in the framework of their long-term plans to ensure that rental prices are maintained at good levels and that they achieve the greatest possible return on their real estate assets.
The report said: The Qatari real estate sector is one of the important sectors currently giving good returns to investors in the market, and it is gaining a large share of economic activity in all regions. ‏
He explained that investors in this vital sector seek to achieve permanent profits and returns without risks, and the report expects an increase in the pace of real estate transactions during the current year.
The report said: The real estate sector today is considered one of the fastest growing economic activities, and the cooperation shown by the authorities related to the real estate sector in the country has contributed to facilitate the work of real estate companies in the last period . He emphasized that the real estate sector in Qatar today is a safe haven for many investors, in light of the development policy pursued by the state, and the good returns it gives them.
The report indicated that Qatar has been recording consecutive urban and real estate leaps for several years in light of a comprehensive economic revival taking place in the country, the aspects of which are reflected in various sectors of the market. The report believes that the real estate development witnessed by Doha has helped to strengthen its position and advance its position at the regional level.
Land prices and transaction values
The report of Al-Asmakh Real Estate Projects Company said that the values ​​of real estate transactions show a low performance compared to the previous week, according to the data of the latest bulletin issued by the Department of Real Estate Registration at the Ministry of Justice. for the week extending from “November 27 to December 1 this year,” as the number of real estate transactions “recorded 43 A transactions, and the report pointed out that the value of real estate transactions amounted to 181.267 million riyals.
The report indicated that the municipalities of Doha and Al-Rayyan maintain great activities in transactions in terms of the number of transactions executed and were ranked first and second respectively. The report indicated that the average number of transactions executed per day was approximately 9 transactions amount to .
In terms of prices per square foot of land, on which transactions were carried out during the first week of this December, the real estate index of the Al-Asmakh company indicated that it sees a discrepancy in prices, explaining that the average offer prices per square foot in Mansoura and Bin Dirham amounted to 1,380 riyals, and recorded In the Al-Najmah area “1,320” riyals per square foot, and the average price per square foot in Al-Mamoura area set at “385” riyals, and the average price per square foot in the old airport area stabilized at “870” riyals for buildings.
The Al-Asmakh real estate index also indicated that the price per square foot in the Aziziyah area was recorded at 365 riyals, and in the Umm Ghuwailina region, the price was recorded at 1,350 riyals per square foot.
The report said: The average price of a square foot was recorded in Al-Thumama region at a price of “400” riyals per square foot, and the average price of a commercial square foot in Al-Wakra- region stabilized at “1,450” riyals, and the average price of a square foot was recorded for both (Al-Wakra / buildings) and (Al-Wakra / villas), “590” riyals and “275” riyals, respectively.
The report of Al-Asmakh Real Estate Projects Company said: The average price per square foot in Al-Wukair area recorded a price of 210 riyals. The real estate index of Al-Asmakh Company also indicated that the average price per square foot in the northern Muaither area rose to record “300” riyals, and in the Al-Rayyan area recorded “310” riyals.
Al-Asmakh’s report indicated that the average price of a square foot in Al-Gharrafa region recorded a price of “375” riyals, and the average price of a square foot width in Al-Kharaitiyat area recorded “380” riyals, and in Al-Laqta area a price of “300” riyals per square foot.
The report added that the average price per square foot in the Al Khor region stood at 210 riyals per square foot, and 295 riyals in the Al Kheesa region, 290 riyals in the Umm Salal Muhammad region and 260 riyals per foot in the Umm Salal region, square.

Prices of apartments and villas
Returning to the prices of villas and apartments, the report of Al-Asmakh Real Estate Projects Company indicated that the average prices of residential apartments in Lusail for a one-bedroom apartment is 1.1 million riyals, 1.3 million riyals for a two-bedroom apartment, and 1.9 million riyals. For a three-bedroom apartment, the report indicated that prices differ according to the area, area and location of the apartment in the residential building.

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