Al Raya Newspaper: AREDC Qatar real estate report

Al Raya Newspaper: AREDC Qatar real estate report

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.

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Qatar Real Estate

Al Asmakh Real Estate Development Company is an ISO accredited real estate brokerage firm formed on the foundation of exceptional, personalized service. AREDC engages in the acquisition, development, management and sale of commercial and residential real estate. With years of experience in the Qatar real estate market, AREDC offers high quality services to include selling, renting, marketing, asset management, property portfolio management as well as financial and investment consultancy.

AREDC's portfolio of properties has grown to include high-rise towers, luxury apartments, compounds, villas, malls, warehouses, offices, labor camps and hotel apartments. AREDC coordinates the management of properties through its wholly owned subsidiary, Al Asmakh Property Management Service, also known as APMS, as well as Al Asmakh Facilities Management.

Specializing in asset management, AREDC maximizes the value of properties using proven resources to achieve client’s stated business objectives in the most cost efficient way while preserving the investment’s useful life for the long-run. AREDC will increase profit revenue for the said asset and will also ensure the quality of an asset will remain at the same value for the next 10 years.

With an obsession for professional ethics and principles, AREDC delivers extra value to clients. Expert legal documentation, uncompromising adherence to the laws of the country and a commitment to the highest maintenance standards set AREDC apart from other competing firms. One of the greatest benefits in working with AREDC is the consistent quality of service that clients receive. AREDC’s complete management solutions and proactive oversight ensures that it will continue to hold the position as the leading real estate firm in Qatar.

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