Image used for representation only. Photo: Abdul Basit/ The Peninsula
Doha, Qatar: The real estate market is one of the key industries in the country, which contributes tremendously towards the economy, remarked an expert.
In an interview with The Peninsula, Abdul Rahman Al Najjar, Chief Executive Officer of Kate Real Estate Group emphasised the vast opportunities open to local and foreign investors.
He said: “I would call it (Real Estate) a span across any businesses to grow because whoever comes to Qatar to start a business in various fields including medical, health, finance, education, and banking, they would the market expertise.”
Al Najjar also highlighted that depending on the expenditure of the government, numerous projects will be implemented in the years ahead.
However, the official noted that there was a fluctuation in recession on and off the market.
During the period of several mega tournaments including the Asian Games 2006 and FIFA World Cup 2022, the industry stood robust with jam-packed tourists and fans flowing in to watch the events, leading up to potential investment opportunities.
“The businesses kept growing in the past 6 to 7 years, and we saw a huge number of individuals investing greatly for the long-term goals,” Al Najjar stated.
He recollected that initial investments ranged from QR1m for the duration of five to six years in order to benefit in the long-run strategy.
At present, Kate group is carrying out numerous projects including the housing market and shopping malls, said the CEO adding that the Qatar-based organisation strives towards attracting investors from across the globe by partnering with renowned realty companies.
“We partner with these groups as a developer and also as an operator, Al Najjar mentioned by pointing out that the company deals in the majority of its projects towards revitalising Qatar’s economy.
As a prominent group in the market, Kate offers unique Qatari products for easy and safe purchasing in addition to providing adequate and comprehensive solutions in the field of investment and leading the market with the services that it provides across the country.
The company has also been providing services including real estate valuation, leasing and re-leasing, real estate brokerage and consulting, as well as real estate management.
