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Friday, 14 October 2016

Qatar: Doha property market ready for kick-off ahead of World Cup

Qatar: Doha property market ready for kick-off ahead of World Cup:

"Wealthy Qataris seem to have been more interested of late in the UK capital than their own. Agent DTZ estimates Qataris own £1bn worth of residential property in London, largely in Mayfair. Since the UK’s Brexit vote in June, inquiries have jumped by a quarter, the agent says, as buyers seize on a weaker pound and reported discounts on prices.

At home, by contrast, Qataris and their Middle Eastern neighbours are proving positively shy. International agent Cluttons has surveyed the super-rich of the Gulf Cooperation Council countries (the United Arab Emirates, Bahrain, Oman, Saudi Arabia, Kuwait and Qatar). Qataris, along with Saudis and Kuwaitis, had the bleakest view, with a third reporting they felt their economies were deteriorating.

Only 3 per cent of the GCC’s super-rich said they planned to buy property in Doha, Qatar’s capital, this year. This is roughly the same proportion planning to buy in India’s southern state of Kerala, and a long way off the 14 per cent intending to invest in Dubai."



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