News Column

Qatar : QATAR invests in real estate in DOHA

August 12, 2014

The project works of Doha Metro rail picking up, real estate investors are increasingly looking to invest in the outskirts of the city, the areas estimated over 100 km network.

There is an appetite to invest money in the interiors like Al Shamal, Al Khaisa, Umm Salal and Al Kharaitiyat.

Works on metro project are fast progressing. The government is investing huge amount of money in the interiors to develop infrastructure facilities with the support of concerned municipal authorities.

The civic bodies have set aside money in their annual budgets to expand public service facilities in their areas.

12 major commercial complexes are under construction and several projects are in the designing stage.

These development works are encouraging investors to put their money in these emerging townships.

The remote hit the headlines after a plot in the area was sold at a record QR19,091 per sqm.

A large number of deals are taking place in the interiors of Doha. Investors in the real estate sector are pinning hopes on the future development of these areas.

Vacant plots in Doha and the prospects of future development in the areas covering the rail network have pushed up demand in Doha's interiors.

Doha expanded that there are few real estate investment projects inside the city, and investors are focusing more on the outskirts.

Doha Metro is expected to take 500,000 cars off the road each day when it is operational, reducing greenhouse gas emissions and the city's significant traffic bottlenecks.

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Source: TendersInfo (India)

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