January 15, 2013Procurement Consulting – Brickwork Sourcing

Qatar – Real Estate – The BEST is yet to come…Qatar – Real Estate – The BEST is yet to come…

Brickwork India (Confidential)

Brickwork Sourcing

The real estate sector has recovered after a low period in 2011 and a gradual growth rate in 2012.

The real estate boom in Qatar is spurred on by the fact that Qatar is getting set to host the coveted 2022 FIFA World Cup.

The Qatar government has been very supportive of the real estate sector by passing various laws that allow foreign ownership in designated areas in Qatar.

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Current Scenario

Approximately 100,000 apartments are expected to enter the Qatar market in the next four years and several major companies will begin work.

Qatar is expected to witness the launch of US $10 billion worth real estate projects in the next couple of years.

Data from Qatar’s real estate registration department at the Ministry of Justice showed that the volume of real estate transactions is increasing.

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The Future Road

With increased real estate development projects such as office, residential, retail, and hotel space, the demand seems to be multiplying at a good rate.

A substantial increase from US$522 million to US$659 million worth of real estate projects was observed moving into 2012.

The Qatari economy has seen growth on the back of several real estate projects in 2012; this can be further noted by the value of real estate deals in 2012 which reached a staggering US$11.5bn, up 59.1% over 2011.

The number of hotels in Doha increased from 79 at the end of 2011 to 84 by the end of March 2012. A further 77 hotels have been planned or are under construction, which will in turn add 17,000 rooms to the current stock.

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Growth Drivers and Opportunities

Market Potential

Real estate transactions in Qatar almost doubled in 2012, and the prices of land near existing and planned development projects across the country reached incredible highs.

According to Al Arab, “The spending in the real estate sector for the next year would be largely concentrated on mixed-use commercial buildings. An estimated US$35.5 billion projects is expected to be launched by 2015, which represents 48% of the total expenditure in the country’s construction activity during the period.”

There is tremendous opportunity for real estate developers to capitalize on the growing infrastructure requirements of Qatar. This being a small nation, the capability to produce indigenous supplies for the infrastructure projects would be minimal therefore these projects would heavily rely on global sourcing. Brickwork Sourcing works with construction and real estate development companies and has capabilities of providing end to end sourcing, vendor and supply chain management.

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“The information contained in this document that includes text, graphics and links, are provided on an “as-is”, "with all faults" and "as available" basis and are without warranty of any kind. While Brickwork relies on sources that are believed to be reliable, it cannot rule out errors in judgment or application. The document is intended for “information” and “general guidance” purposes only.” Investment decisions and/or other decisions based on the conclusions and potential strategies mentioned in the document are not necessarily endorsed by the Brickwork management.”

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About Brickwork Sourcing

Brickwork is the pioneer of the Virtual Office business. We provide virtual support for businesses across the globe. Our well informed Remote Sourcing Analysts (RSAs) can provide support at any or all stages of your sourcing lifecycle. Your Virtual Sourcing Office can be a large team of analysts supporting large companies with established procurement processes or a one-man-show to function as your entire procurement office.

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THANK YOUTHANK YOUContact:info@brickworksourcing.com Sanjeeth HegdeIndia: +91 (80) - 4040 – 9999 (218 Ext)

13 April 2023

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