In a recent conversation with The Peninsula, a prominent official revealed that the demand for both residential and commercial real estate in Qatar continues to surge, indicating a robust and dynamic market.

Abdul Rahman Al Najjar, CEO of Kate Real Estate Group, highlighted the noteworthy demand in both residential and commercial sectors, driven by the abundance of available apartments and residential villas. Despite market replication, Al Najjar emphasized the unique approach taken by his group to strategically invest in diverse fees across various industries, such as real estate, business, residential, and industrial.

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Reflecting on the mega sporting event hosted by Qatar last year, Al Najjar noted a distinct spike in demand for residential buildings and apartments compared to the demand observed in the commercial and hospitality sectors. This trend aligns with the group’s commitment to generating substantial income through strategic investments.

Al Najjar underlined the importance of reading market trends and planning for the future, stating, “We have to read between the lines where the market will shift in three years.” He advised investors to commit to at least a two-year investment horizon and stay attuned to the evolving market landscape.

Kate Group initiated crucial projects ahead of the FIFA World Cup 2022 in response to industry demand, with an anticipation of sustained growth beyond 2023. Al Najjar emphasized the strategic creation of projects with analysts in mind, selling them as a comprehensive package to foreign investors.

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The CEO noted a surge in interest in the Qatari market post-FIFA 2022, attributing it to increased awareness about Qatar, its rich history, and the investment opportunities available. He highlighted the attractiveness of Qatar’s real estate market, particularly for foreign investors, mentioning the benefits tied to property ownership.

“If you buy an apartment in Qatar between $200,000 and $250,000, you will receive a resident permit. For purchases up to one million dollars, investors will attain permanent residency,” Al Najjar explained. He further outlined the advantages associated with permanent residency, including free education, healthcare benefits, and the freedom to start and own businesses.

Citing Qatar’s post-World Cup legacy, Al Najjar emphasized the country’s reputation for providing the safest and most conducive environment in the region.

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This dynamic blend of strategic investments, market foresight, and enticing incentives positions Qatar’s real estate market as a thriving landscape, poised for sustained growth and increased international investor interest.