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Doha, Qatar: As Qatar continues to see an increase in the investment market, experts in the real estate sector underscored the significance of choosing the right location for better investment returns.
During an interview with The Peninsula, Mustapha Mesto, Sales and Leasing Manager at the Mirage International Property Consultants said: “There are a few things an investor must keep in mind including place and developer.”
He stressed that any individual willfully investing in the Qatari market must “trust” the developers as they have proved themselves with some state-of-the-art projects in the country.
The official said “When an investor buys a property, they expect the quality to be met for the long run. Some developers sell you the sea view of the beach, but it could likely change in a few years when you find some land and buildings around. Hence, the investor needs to make sure the right location is opted for.”
He noted that such changes have been exploited in Qatar as numerous clients are concerned over the purchases and investments they’ve made.
“When an individual buys, purchases, or invests in something, it’s important for them to pick the ideal location. However, Changes like new buildings can be seen coming up at a later stage,” Mesto said.
The realty expert explained that it is also vital to understand how the locations can be affected after an investment is carried out.
He continued by saying that “In some locations, you can find that after people buy, 5 years later, the price varies for the selected areas. It may well increase from 25 – 30 percent in certain places so of course when you are going to invest or choose the best company or best staff or person you deal with, you’ll trust them. Qatar’s experienced developers will give you adequate information, location, and of course good price.”
Having properties in over 15 locations in Qatar, Mirage Property has been in the spotlight by working with key developers to offer clients investment strategies across the country.
Qatar has been ranked number one in FDI Standouts Watchlist in 2023 due to its robust economic and business activities including rising investments.
A recent report by Investment Promotion Agency Qatar (IPA Qatar) states that the country is offering copious opportunities for international investors as the top-notch infrastructures and facilities have been a point of attraction.
However, the World Bank gauges that the growing investments are a de facto component that tops Qatar as the best economy in the Middle East and North Africa (MENA) region.
