Al Raya Newspaper: AREDC Qatar real estate report
20 billion dollars cost of tourism projects in Qatar before 2022
20 billion dollars cost of tourism projects in Qatar before 2022
The weekly report of Al Asmakh for real estate projects that
total demand for real estate in Qatar will increase significantly because of
government spending on development projects and infrastructure that intends to
set up Qatar to host the World Cup, “2022”, estimated at “64” billion.
The report added that the office space and administrative
experience in the lack of demand than supply and this is expected to increase
demand during the subsequent periods because of the projects will be assessed
by Qatar.
The report pointed out that despite the lack of demand for
office space but the first half of the year “2012” has rented “200” thousand
square meters compared with the “173” thousand square meters a year “2011”,
pointing out that the size of this demand has exceeded the levels recorded in
year “2008.”
AL Asmakh Report: As seen spaces available for rent in West
Bay area attracted by “20%” during the first half of this year, where the space
offered for rent end of the year “2011” by “335” thousand square meters and
down this area in the first half of this year to “210” thousands of square
meters available for rent.
As Al Asmakh report that the area of public sector
management and offices in Qatar amounted to approximately “3.7” million square
meters of “1.43” million square meters in the western Gulf.
The report expected to be completed by the implementation of
“70” thousand square meters of office parcels and administrative end of the
year, including “54” thousand square meters in the West Bay area.
http://www.alasmakhrealestate.com/blog/
