Real estate agencies in Qatar are poised for further business developments in the coming years as projects continue to increase significantly this year. The report given by Steps real estate highlights the well-balanced investments as hopeful to speed up in 2023.
Speaking to The Peninsula, Steps real estate’s General Manager, Ali Radi said, “When talking about business projects, we can confidently see that we expanded exponentially with the experience and learning we attain daily. This has greatly affected the company’s growth and positions ourselves efficiently in the market, awareness of the brand, and relying not only on marketing but also our service to expand the word of mouth of our happy loyal customers.”
Last year, the real estate industry came up to QR 11.6bn ($3.2bn), increasing 1.7 percent year-on-year and an approximate 6.9 percent of the total GDP was represented by the sector at fixed prices while non-extractive industry’s GDP showed 11 percent, according to the latest data released by the Planning and Statistics Authority (PSA).
As property finders group around the globe makes a prodigious enhancement and growth, investments are being carried out in Qatar to continuously strengthen the country’s economy. He said: “Worldwide you can see that real estate is one of the most sustainable businesses in the world. The key to properly managing your real estate assets is to work with experts in the market to know how to increase profits,” adding that it is a significant opportunity for entrepreneurs from around the globe to invest and trade in the Arab State.
Qatar now hosts FIFA World Cup 2022 and limbers up for more tournaments in the years ahead inviting several entities, investors and realtors to implement projects in the region. Endorsing the quality of fulfilling business contracts in Qatar, Radi said: “A real estate specialist can guide you through the cycle of market and your property portfolio.”
In the third quarter of 2021 the real estate sector represented an estimated 6.9 percent of total GDP at constant prices and 11 percent of non-extractive industry GDP, according to the latest economic breakdown published by the Planning and Statistics Authority (PSA). The sector was valued at QR11.6bn ($3.2bn) in that quarter, up 1.7 percent year-on-year (y-o-y).
“We have had the pleasure of serving over 6,000 clients with the best intentions and service. We learned from each one and as a matter of fact, they are memorable in their own way composing the building block of Steps real estate,” he added.
