The well-kept-up sporting tournament concluded yesterday with a tremendous achievement, not just for FIFA 2022 fans and organisers, but also for the ongoing projects and business in Qatar.
As the world witnessed Argentina lifting their third title at the 80,000 seaters - Lusail Iconic Stadium, tourists were in the spotlight opting to experience the true hospitality and culture.
While many of them invested in Qatar, the real estate developers sighs hope for the market to ramp up significantly in the coming years.
Speaking to The Peninsula, Mustapha Mesto, Sales and Leasing Manager at the Mirage International Property Con-sultants said: With FIFA, we have the visitors and therefore business projects are rising. It is never going to stop the market. It could fluctuate from 10 to 15 percent but the market will go up due to the potential investors.”
The buildings, properties, and constructions have all been increasing in the past couple of months due to the World Cup and the com-petition among developers were relatively high according to Mesto.Mirage Property Consultants was established in the year 2004 and have contributed to the country’s economy with projects in cities including Doha and Lusail.
Qatar’s preparation for hosting the mega tournament over the past 12 years has drastically changed the market’s course with state-of-the-art infrastructures and facilities installed. Mesto said, “Since they won the bid for FIFA Qatar 2022 in 2010, everything in Doha changed. The market started to incline, especially the construction sector. A lot of land and buildings trans-formed into a newly developed city.”
This successfully eventuated the progress of real estate-related projects and the price, land, and sq. m. for sales and rent started to skyrocket with many investments surging in the region. Clients for Mirage also witnessed a high ratio over the years as investments grew by 25 to 34 percent while leasing for long-term and short-term tenants.
Realtors are positive that the market in Qatar will never halt and constantly flourish due to the efforts taken by the Gov-ernment, entrepreneurs, and investors.
“It is the market and it will not stop. We are con-tinuing to witness more clients and investors and it just keeps increasing day by day,” he said.
