Real Estate 2022 Market Outlook: Reality and Illusion
The Golden Age of Real Estate:
A lot of opinions have spread over the past few months regarding the future of the real estate industry.
Such as: “The real estate sector will witness a significant drop in prices after the 2022 World Cup. Catch your money no one knows what will happen after the 2022 World Cup.
The opportunity has now passed to invest in real estate in Dubai. The golden age of real estate will end after the 2022 World Cup. You cannot guarantee a return on investment after 2022. As the vision is not clear for what will come next,” and other sayings.
These perceptions sparked widespread controversy, affecting everyone. Even those who had no income in the industry. Which created a state of hesitation and uncertainty that prevented them from taking this step with confidence. Mainly by small investors (such as expatriates and high-paid citizens) who are looking for buying opportunities.
This is especially true for pre-construction blueprint projects due to be handed over after the 2022 World Cup. Regardless of the payment methods that landlords offer to attract more sales.
Many investors are still afraid that the above perceptions may be true and affect their lives. The future of the real estate sector after 2022!
Outlook For The Post-2022:
In this article, we will explain our outlook for the post-2022 industry from a perspective based on our professional experience. Using a case study that took place previously in Qatar.
We must not forget that Qatar is one of the fastest-growing economies in the world. And therefore, we must not think of it as a country based only on projects. And we should not base any of our conclusions on such a perception.
If we go back to 2006 when the Asian Games were held in Qatar. We will find that this era constituted a turning point for the real estate sector.
The value of all investments, whether in sale or rent, increased by rates ranging between 100-150% compared to the year 2004. And after the expiry of the activities Although the bid to host the 2022 FIFA World Cup was not considered yet
The real estate market managed to maintain this rise for 8 years after the games ended. Until the drop in oil prices in 2014. In the face of this new challenge,
Qatar was able to come out of the crisis with better results than its neighbors as a result of the government’s policies encouraging economic diversification, and this helped save the real estate sector from a sharp decline.
Then came the blockade, which began in June 2017 and lasted until January 2021 at a time when the country was in the midst of implementing a major plan for infrastructure development projects.
The blockade was imposed and the borders were closed as a result of the Gulf crisis, but the Qatari economy has once again demonstrated the ability to successfully deal with crises and innovate solutions and alternative sources to feed the market need and maintain economic activity.
Stop Wasting Opportunities! :
The only thing that separates illusion from reality is “evidence”. We have seen conclusively that this country has withstood all the challenges it has faced, proving that it is one of the safest economies in terms of investment, and this applies not only to the Middle East region but also to the world.
The opportunity has now passed to invest in the real estate market. The golden age of real estate will end after the 2022 World Cup. You cannot guarantee a return on investment after 2022. As the vision is not clear for what will come next,” and other sayings.
These perceptions sparked widespread controversy, affecting everyone. Even those who had no income in the industry. Which created a state of hesitation and uncertainty that prevented them from taking this step with confidence. Mainly by small investors (such as expatriates and high-paid citizens) who are looking for buying opportunities.
This is especially true for pre-construction:
This is especially true for pre-construction blueprint projects due to be handed over after the 2022 World Cup. Regardless of the payment methods that landlords offer to attract more sales.
Many investors are still afraid that the above perceptions may be true and affect their lives. The future of the real estate sector after 2022!
I am sure that hosting nearly 1.7 million people over the course of the World Cup in 2022 will bring countless. opportunities to the country that will continue to affect the future even after that date. And this of course includes the effects of winning the hosting of the 2030 Asian Games on Qatari soil!
The first thing to do is to seek professional advice about your investment. This will dispel any unjustified concerns that may influence your decision.
Such advice will direct you based on the state of the investment opportunity that objectively interests you through market analysis studies, which will help you in making a smart and informed decision to invest or refrain from it.
We at Danat Qatar are currently working on the development of three mega housing projects in The Pearl-Qatar, which are expected to be completed between late 2022 and early 2023, which means that this article is not just a view of market experts, but rather a roadmap that guides us in Al Fardan – Dana Qatar in light of our confidence Under the leadership of His Excellency Sheikh Tamim bin Hamad Al Thani and with the vision of Qatar 2030.
(Analysis) The Qatari real estate market faces a real test before the Cup:
DOHA/DUBAI (Reuters) – Qatar’s Doha Tower, a cylindrical, pointed top that shines bright orange at night, won an award when it was completed in 2012 amid a vast real estate boom in the Gulf region.
But today, about half of its 46 floors are empty
The office tower, now a familiar part of the capital’s high-rise skyscrapers, is in trouble due to what real estate brokers, bankers, and analysts say is oversupplied in Qatar’s real estate market ahead of the 2022 FIFA World Cup, reflecting a slump in the Gulf real estate market after Falling oil prices.
Qatar faces an additional challenge in a diplomatic and trade boycott imposed by Saudi Arabia, the United Arab Emirates, Bahrain, and Egypt over accusations that Doha supports Islamist militants, a charge Doha denies.
The long-running dispute has made it difficult to attract foreign buyers of residential or commercial property.
Residential real estate prices have fallen about ten percent since June 2017, when the boycott began, while administrative real estate prices have fallen by a similar rate, according to analysts and economic experts. They say rents are down 20 percent from their level three years ago.
