Qatar tourism and real-estate expansion not slowing down despite blockade
There may be a blockade against Qatar set up by their neighbors, but it doesn't mean this oil-rich country isn't growing.
There may be a blockade against Qatar set up by their neighbors, but it doesn’t mean this oil-rich country isn’t growing.
Qatar Airways is doing well, tourism is growing and at least seven hotels and five malls are due to open in Qatar next year. The year 2019 is also expected to deliver an estimated 10,000 residential units.
The new hotel developments are Al Messila Resort, Dusit Doha, Mandarin Hotel, Zulal Wellness Resort, M Gallery Boutique Hotel, Panorama Residences and Suites; and Plaza Rayhaan. The mid-market hotel segment might continue to show improvement in occupancy in 2019.
Place Vendome, Boulevard Mall, Doha Mall, La Plage Mall and Marina Mall are among other malls expected to open next year.
Of the total residential units projected to deliver in 2019, 75 percent of the supply is expected to launch in Lusail and The Pearl -Qatar.
Qatar’s two free zones — Umm Al Houl and Ras Bufantas are expected to start receiving foreign and local investors.
Qatar’s real GDP is projected to grow by 3.1 percent. InfThe inflation is estimated to remain modest and cura rent account surplus is expected to reach QR4.3bn.