fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Infrastructure Real Estate

Qatar: What’s causing a boom in the real estate sector in 2022?

Qatar’s series of mega-events might as well serve as an antidote to the stoppage of the boom in real estate

Sakshi K S by Sakshi K S
March 1, 2022
in Real Estate, Technology, The Global Economics, Top Stories, Tourism, Ultility
Reading Time: 3 mins read
0
Qatar: What's causing a boom in the real estate sector in 2022?

Qatar: What's causing a boom in the real estate sector in 2022?

70
SHARES
388
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Five principal factors steer Qatar’s real estate sector in 2022 and beyond, according to a new PwC Middle East analysis. According to the firm’s analytics, whilst the real estate industry’s prevalent recuperation could pave the way to a stoppage in the medium term, Qatar’s series of mega-events might as well serve as an antidote.

Keep reading to find out the five steering factors of Qatar’s real estate industry!

COVID19

The coronavirus pandemic has facilitated commotion internationally and locally, despite the gusts and gales caused by the travel embargoes and restrictions enforced to manage the virus’ outbreak. As a result, the Purchasing Managers’ Index rallied to accomplish 63.1 in November 2021 (a number beyond 50 highlights economic sanguinity). Additionally, the Real Estate Price Index completed a score of 223.54 in October 2021.

A favourable outlook for the real estate sector is primarily underpinned by the FIFA 2022 World Cup, arranged between November 21st to December 18th.

The FIFA World Cup at Qatar

The FIFA 2022 World Cup has been at the bosom of Qatar’s economic strategies and assisted as a source of optimism during the recession. Amidst an intense pandemic and political tensions, the event remained a ray of hope for the public and economic decision-makers. The FIFA World Cup is not merely a promising strategic tool as a particular occasion but also a priceless growth steerer for a flourishing economy beyond 2022 and a vital fragment of the Qatar National Vision 2030.

The FIFA World Cup will underpin Qatar’s goals of accomplishing long-term urban progression and economic broadening and solidify its stance as an investment destination.

Tourism

Qatar and countries across the world are vastly concentrating on tourism. However, post a sharp drop in RevPAR in 2016, Qatar changed its focus to making its economy more versatile via developing regional attractions like the Qatar National Museum. Furthermore, visa-free entry was permitted to citizens from 88 nations, delivering Qatar’s image as one of the globe’s most accessible nations.

Three principal indicators of the boom in the tourism industry include – average room revenue, occupancy rates, and RevPAR – all enhanced between H1 2020 and H1 2021, respectively acquiring 7%, 16%, and 24%.

With the World Cup ahead and relationships with neighbouring nations being resolved, arrivals will likely increase.

Environmental, Social and Governance (ESG)

Qatar’s real estate sector is on track to inhibit its carbon footprint and make way for a more sustainable future. Three of the nation’s recent chief projects – Msheireb Downtown, the Doha Metro, and Lusail City – unified Qatar’s sustainability outline into the core of their development strategies, as demonstrated by their prominence on renewable energy solutions like on-site energy generation, carbon dioxide monitors, and LED lighting systems.

Qatar’s commitment to sustainability is also refracted in World Cup preparations. FIFA’s 2022 stadiums are on track to accomplish at least a 4-star Global Sustainability Assessment System rating (GSAS rating) in construction, design, energy, and water utilisation classes.

Property Technology

Property tech or PropTech is an essential instrument that can underpin Qatar’s sustainability vision via real estate and augment the sector’s growth. It is a sector that should be discovered further. The real estate industry has a long history of being unaffected by the digital interruption. However, such an approach is old-school in an epoch where speed has become an essential aptitude for global sectors.

PropTech’s probable penetration into the real estate market is demonstrated by big data, which can deliver visions that notify policymaking and project preparation, whilst also augmenting the presentation of internal building systems like HVAC and electrical infrastructure; virtual reality, through which potential purchasers could receive an immersive tour of a property even before the construction commences; artificial intelligence, which can more precisely forecast pricing trends.

Via: Short URL
Tags: Covid19ESGFIFA 2022 World CupPropTechqatarrealestatetourism
Sakshi K S

Sakshi K S

Sakshi is a professional content writer engaging readers with gripping business news stories.

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
investment
The Global Economics

Adani Enterprises To Get $400 mn From Abu Dhabi’s IHC

by Marifur Rahman
January 31, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
A girl using a smartphone
Digital

China’s 2022 Smartphone Sales Plunge to the Lowest Level in a Decade

by Khushboo Pandey
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version