<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Real Estate in any country is a significant part of its economy. There are many historical examples in which it is evident that the </span></span>real estate effect was positive on economies. In Qatar, real Estate got a hit back during Covid-19 times. Covid-19 put a negative impact on every economy in the world. It also hit Qatar&#39;s Economy in the real estate department. But it was not too long before Qatar&#39;s real Estate made a comeback in its economy. Now, the real Estate of Qatar is a significant part of its economy. Following are the details on how Real Estate impacts Qatar&#39;s economy.</span></p>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">The economy of Qatar Thriving After Covid-19</span></span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">The real Estate of Qatar has played an essential role in helping the economy of Qatar to thrive again after </span><a href="https://www.saakin.qa/blog/how-to-get-a-covid-19-vaccination-certificate-in-qatar" target="_blank"><span style="color:#3498db">Covid-19</span></a><span style="color:black">. Covid-19 was a great hit for all the economies of the world, but the good thing is that Qatar recovered from it in no time with its thriving real estate. Here is how it became possible.</span></span></span></p>

<ul>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">The real estate market helped the economy of Qatar thrive again with the help of introducing eco-friendly projects. These attracted investors from all over the world to invest here.</span></span></span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">The new tourism projects were extraordinary.</span></span></span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">In Qatar, there are no taxes in the real estate market, attracting real estate investors from all over the world. It directly boosted Qatar&#39;s economy.</span></span></span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">With more </span></span>energy-efficient real estate projects, more investors invest that generate income.</span></li>
</ul>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">Real Estate Affect &amp; FIFA World Cup</span></span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Qatar will be the one to host the FIFA CUP 2022. The FIFA CUP 2022 in Qatar is an excellent part of Qatar&#39;s economy. It was like hope after the recent Covid-19 hit back. Because it brought a whole new </span></span>real estate industry to Qatar, it allowed real estate investors to invest in profitable opportunities. Many developmental projects were introduced in the real estate sector of Qatar for <a href="https://www.qf.org.qa/education-city-world-cup" target="_blank"><span style="color:#3498db">FIFA CUP 2022 preparations</span></a>.</span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">The FIFA World Cup will not just be an occasion but an opportunity for the </span></span>real estate sector of Qatar to thrive. It will boost the economy of Qatar through different real estate projects. It is one of the essential visions of the &#39;Qatar National Vision (QNV) 2030&#39;.</span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">It will generate an influx of tourism into the country, directly needing the </span></span>real estate industry to stay active. For instance, the hotel requirement will increase, and the economy will grow automatically. It is expected that substantial urban projects in Qatar will boost the economy like never before.</span></p>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">Tourism &amp;</span> Real Estate in Qatar</span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Soon after Covid-19 ended, people started focusing on tourism, and many nations worldwide began focusing on their tourism departments. So did Qatar. The </span></span>real estate market thrived on boosting tourism in Qatar, and more developmental projects were introduced. Qatar&#39;s main focus was improving local attractions by enhancing the real estate industry and investments.</span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Qatar provided visa-free entries to more than 88 countries and nationals to boost the economy via the real estate market. Being only a 6-hour flight from 80% of the world&#39;s population, the world started discovering it more and more.</span></span></span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">As one of the primary focuses is on FIFA-Cup 2022&#39;s hospitality, brands worldwide started their exhibitions in Qatar. For instance, the Jeff Koons exhibition &quot;Lost in America,&quot; including Christian Dior&#39;s &#39;Designer of Dreams&#39; exhibition, was arranged in the United States. All of this was possible due to good real estate opportunities and availability. In short, Qatar&#39;s substantial real estate attracts many tourists and attracts many international brands to invest here. This is creating an influx of investments and indirectly boosting Qatar&#39;s economy.</span></span></span></p>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">Property Technology in Real Estate</span></span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">One of Qatar&#39;s most significant </span></span>real estate assets is its vision of sustainability, which accelerates the growth of the real estate industry, known as PropTech or Property Technology. Property technology can be pretty beneficial for the property management and Real Estate Sector of Qatar. For more benefits in real Estate, the domains of Prop Tech need to be explored more and more, and further aspects of it should be discovered.</span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">When technology is introduced in the Real Estate market of Qatar, it would reduce </span></span>energy consumption and enhance the real estate market in all ways possible. It would eventually have a positive impact and a positive real estate effect on the economy of Qatar.</span></p>

<pre>
Read More: <a href="https://www.saakin.qa/blog/why-do-you-invest-in-real-estate-in-qatar" target="_blank">Why Do You Invest In Real Estate In Qatar?</a></pre>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">Sustainability Aspect in Real Estate</span></span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">One of the main goals of Qatar&rsquo;s real estate industry is to reduce the </span></span>carbon footprint of the country. It is for the betterment of the environment and Qatar&#39;s economy. This is to make Qatar a better place with more greenery and an environment-friendly country. One of the major ongoing projects to enhance sustainability in Qatar include:</span></p>

<ul>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">The Doha Metro</span></span></span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Msheireb Downtown</span></span></span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Lusail City</span></span></span></li>
</ul>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">All of them have adopted the environment-friendly agenda of Qatar to reduce their carbon footprint. Lusail is a thoroughly planned city in which most environment-friendly strategies are used to reduce the carbon footprint.</span></span></span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Most of the things that are implemented to achieve environment-friendly real estate include:</span></span></span></p>

<ul>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Updating ESG standards</span></span></span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Using </span></span>Renewable Energy sources</span></li>
	<li style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Producing energy through natural sources</span></span></span></li>
</ul>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">What these interventions will do, is they will reduce the risks of </span></span>natural disasters, extreme weather, and climate change risks as well.</span></p>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">Trust Saakin, Your Real Estate Companion in Qatar</span></span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">If you are also looking to invest in Qatar, you might need a companion to suggest to you all the good options where your investment will be profitable in Qatar. Saakin is the one that you need to trust. It provides you with innumerable opportunities for you to invest in Qatar.</span></span></span></p>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">It is also good news for </span></span>property owners that Real Estate positively affects Qatar&#39;s economy, and that is why they need to invest more.</span></p>

<h2 style="text-align:justify"><span style="font-size:18px"><span style="color:black">Frequently Asked Questions</span></span></h2>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Some of the important frequently asked questions are as follows.</span></span></span></p>

<h3 style="text-align:justify"><span style="font-size:16px"><span style="color:black">How Are Sea Levels Rising to Affect The Real Estate in Qatar?</span></span></h3>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Climate change is a cause of rising sea levels that might affect real Estate in Qatar.</span></span></span></p>

<h3 style="text-align:justify"><span style="font-size:16px"><span style="color:black">Does Real Estate Affect the Economy Of Qatar in Any Way?</span></span></h3>

<p style="text-align:justify"><span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">After Covid-19, when all the economies in the world were struggling, Qatar thrived with the help of the real estate sector. The real estate sector has a very positive effect on the economy of Qatar because, in Qatar, there are no taxes on the real estate industry.</span></span></span></p>

<pre style="text-align:justify">
<span style="font-size:12pt"><span style="font-size:11.0pt"><span style="color:black">Read More: </span></span></span><a href="https://www.saakin.qa/blog/what-is-the-future-outlook-for-real-estate-in-qatar" target="_blank"><span style="color:#3498db">What is the Future Outlook for Real Estate in Qatar?</span></a></pre>