News - Qatar Real Estate Market To Require 93000 Extra Homes By 2010

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• Qatar Real Estate Market To Require 93000 Extra Homes By 2010

Qatar is expected to require an additional 93,000 residential units by 2010 to sufficiently address the rising demand, as a result of rapid population increase relative to supply and the country’s burgeoning economy. The substantial need for housing developments is driving the Qatar real estate services market, which is also expected to witness a considerable increase as end-users seek the support of experienced professionals to find an ideal property that suits their needs.

In line with this, LifeStyle Homes and Properties, the reputed real estate sales and marketing consultancy in Qatar, has announced plans to provide specialised solutions to address end-users’ property requirements.

The Qatari economy is currently experiencing tremendous boom and has emerged as one of the fastest growing economies in the Gulf region, with its average Gross Domestic Product (GDP) growth projected to hit 12% annually by 2012. Recognising the advantages of residing within a high potential economic hub, a greater number of foreign nationals are acquiring residential property developments, which will also provide them with a Qatari residence visa as per a newly implemented foreign ownership laws.

As a pioneer in real estate services in Qatar, LifeStyle Homes seeks to aid end-users in finding ideal residential units through its highly experienced team of real estate professionals, while offering high-value portfolio management services to investors.

“Qatar-based developments are proving to be at the top of projects, which record the highest ROI rates in the region, making it a hotspot for investors,” said Arron Browne, Sales and Marketing Director, LifeStyle Homes and Properties.

“However, the massive demand for high quality housing, climbing property prices and widespread information clutter are some of the challenges a client who wants to settle in Qatar will be facing in his efforts to find an ideal residential property. Our focus is to help these end-users to locate a property that best suits their needs and budget.”

Initially formed to serve as the exclusive sales agent for Sabban Property Investments’ ‘Sabban Towers’ project, LifeStyle Homes has expanded its portfolio of services to become a real estate solutions provider to other leading regional developers. In addition to end-users seeking to rent or buy properties, the company’s clients also comprise of investors looking for high value projects to resell or to lease.

“Amidst projections that the population in Qatar will continue to grow by 7% per year, we are currently exploring various ways by which we can enhance our value-added services and solutions for our clients. We are also anticipating the launch and completion of various projects in the coming year, which further reiterates the need of the market for a highly capable real estate services company that provides valuable solutions to help developers, investors and end-users alike,” concluded Browne.

Source: www.bi-me.com