The Investment Promotion Agency of Qatar has successfully concluded its participation in the Shanghai Luxury Property Show 2024, the leading real estate exhibition in the Asia Pacific region. The exhibition, which was organized from December 6 to 8, witnessed the participation of an elite group of influential real estate experts, real estate investors, and more than 140 prestigious real estate companies from all over the world to showcase unique development projects.
Within the State of Qatar’s pavilions at the exhibition, the Investment Promotion Agency cooperated with the Real Estate Regulatory Authority (Real Estate), in addition to local real estate development companies, including Qatari Diar, Qetaifan Projects, and United Development. The participating parties reviewed the thriving real estate sector in the State of Qatar, and the diverse range of luxury real estate offers offered by this sector.
The State of Qatar’s pavilions also highlighted the country’s world-class infrastructure and the country’s strong economic potential, enhancing its position as an attractive destination for foreign investors. Visitors also learned about Qatar’s vibrant, business-friendly environment, and the regulations and laws that support foreign investment in the sector.
Commenting on this event, Sheikh Ali bin Al Waleed Al Thani, CEO of the Investment Promotion Agency, said: “We are pleased to participate in the Shanghai Luxury Real Estate Exhibition 2024 and showcase the attractive business environment in the country. The exhibition provided an ideal platform to communicate with potential investors, discuss the unique opportunities available in the country, as well as highlight the position of the State of Qatar as one of the best destinations in the world to live, work and invest.”
In a related context, His Excellency Engineer Khalid bin Ahmed Al-Obaidly, Chairman of the General Authority for Real Estate Regulatory (Real Estate), said, “Our participation in the Shanghai Luxury Real Estate Exhibition represented an important step to showcase the country’s real estate sector to a global presence. The exhibition gave us the opportunity to highlight the many advantages of real estate investment in Qatar. We look forward to continuing the discussions that began during the Shanghai Real Estate Exhibition, supporting real estate investors and facilitating their coming to Qatar.”
In light of a flexible economy and real estate policies that keep pace with the times, the real estate sector in Qatar witnessed significant growth at a rate of 34% in the period between 2015 to 2023, supported by several factors, including increased growth in gross domestic product, population flows, abundant job opportunities, and government policies. Supportive. The reforms introduced to the real estate ownership system in Qatar represented one of the unprecedented initiatives, allowing non-Qataris to own real estate and invest in the real estate sector. These initiatives offer a range of benefits, such as permanent residency and the ability to invest in specific business activities. The increasing diversity of real estate, along with the quality of life in the country, contributes to strengthening the country’s position as an ideal destination for real estate investments.
