Overseas Property Blog

Qatar

Despite the downturn there is one region in the Middle East that is emerging as one of the most dynamic economies in the region this is Qatar. The economy is rapidly expanding in practically every sector and industry. A combination of government investment and the participation of multi-national companies are creating what seems to be a culture of opportunity.The region boasts major financial and business services including oil, construction and the world’s third largest gas reserves.

The long term aim of Qatar is diversification with sport and tourism high on the agenda

Qatar at this time ticks all the right boxes for investment. The Qatar Urban Planning and Development Authority aim to make the capital Doha a world class city. The government certainly have the resources to reach its goals.The Qataries are wealthy people they are backers of London’s tallest proposed skyscraper and are the third largest gas supplier in the world. The economy is said to be one of the fastest growing in the world with a GDP per head of an estimated $74000. Investment from the Qatar government includes the development of a huge international airport with an estimated spend of $1.2 billion.

Recently real estate prices have tumbled and for the early bird its time to catch the worm. Savvy investors know that your profits are made on the purchase of real estate and the combination of an ultra strong economy and low property prices the time is ripe. Overseas property buyers have been able to buy property in designated areas of Qatar since 2004 and Qatar wants investment.

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