What is Qatar's Residential Real Estate Market Expecting after World Cup 2022?

The 2022 FIFA World Cup will be one of the most important athletic events in terms of a global audience and a turning point for Qatar's residential real estate market. As a result of the World Cup, more than a million tourists are expected in the Gulf state, which has embarked on a serious building and infrastructure program to accommodate them. Qatar’s real estate companies are keenly waiting for the upcoming World Cup. At the same time, the developments in Qatar to welcome visitors from all over the world keeps rising. Since Qatar is the smallest nation by land size ever to stage the World Cup, the nation needs to prepare enough to host more than a million visitors including football teams, officials, sponsors, sports enthusiasts, and football fans from all over the world. Since the number of visitors is comparatively very high than the available accommodation, real estate companies within Qatar work hard towards supplying accommodations for the World Cup. Though preparations are taking place from one corner, let’s discuss what is expected to happen in Qatar’s residential real estate market after World Cup 2022. 

Investing in the Qatar Real Estate Market - boon or a bane?

Recently, many predictions have been made about the real estate industry's future, such as "prices will drop significantly after the World Cup", "the golden age will fade soon", etc. But what is the reality? Let’s have a detailed look back from a professional perspective. In 2006, specifically during the Asian Games, the real estate industry witnessed a turning point in which property values increased by over 100% to 150% versus 2004 values. Despite all odds, Qatar still managed to perform better economically than its neighbours at the time because of the government's successful economic diversification policies, which prevented the real estate sector from experiencing a sharp decline. 

A border blockage was forced by the Gulf crisis between June 2017 and January 2021, when the country was implementing a major infrastructure development plan. However, Qatar's economy was able to quickly recover from the shock and put together additional resources and solutions to meet the market's demands. With that in mind, we must confirm that this nation has undergone sufficient testing to demonstrate that it is among the safest economies in which to invest, not just in the Middle East but also globally. It is a true story that covid pandemic has negatively impacted the Qatari residential real estate market. Due to covid outbreak, many residential projects in Qatar were delayed or cancelled. And it is also important to note that residential real estate in Qatar is projected to register a CAGR greater than 11.5% from 2022 to 2027. Taking into consideration the impact of winning the 2030 Asian Games bid, you'll be amazed at the number of opportunities that will open up afterwards!

So that is the story! If you are planning to invest in the Qatar residential real estate market, it is advisable to seek a professional consultation. Professional real estate agencies in Qatar, like Urban Capital can guide you through the actual status of the investment you are eyeing. If you prefer, we can support you with analytical market studies that can assist you in deciding whether or not to move forward with a potential investment. Urban Capital, being one of the top real estate companies in the Qatar, provides high-quality, affordable real-estate services to all.Please get in touch with us if you have any questions concerning the residential real estate market in Qatar.