Doha, Qatar: Investing in the real estate sector of the country is a “great strategic move” explained an industry expert highlighting the benefits for global and local investors.
Speaking to The Peninsula in an interview Ghofrane Jameleddine (pictured) Chief Executive Officer of Camelia Homes said that implementing projects related to real estate in Qatar unequivocally is a beneficial decision, both financially and culturally.
“First of all, the country has a strong economy and is a stable nation with inspiring leadership, he said.
Jameleddine remarked that the government also provides numerous great incentives for investors in Qatar including tax breaks and other benefits like healthcare facilities and state-of-the-art infrastructures etc.
The official said that “Additionally, we should look at the growing diversity of properties and the number of cultural and entertainment attractions which constitutes an ideal location for real estate projects.”
The real estate firm recently signed a considerable number of agreements with major real estate players including individuals, key developers, and corporates in the country since its inception.
“Our portfolio of Residential and Commercial projects in hand grew exponentially, which led to exceptional results with regards to our mission and vision and our involvement in the country’s economy, Jameleddine said.
He reflected that the company takes pride in the statistics registered in terms of creating job opportunities, strategic investments from partners’ ends, and most importantly foreign direct investments that took place through its services.
With an increasing number of significant investments in the sector, the official emphasised the potential projects that would potentially change the course of the market in Qatar.
“We are currently working on maximising the use of technologies in the industry and we are onboarding a few names that may be part of the journey,” Jameleddine said.
He asserted that the company is optimistic about maintaining its performance in the coming quarters, while also anticipating seeing the sequel to the Qatar Real Estate Forum that took place in June.
Highlighting the investment projects carried out in 2022, the industry specialist outlined that 100 percent of the foreign transactions took place due to the FIFA World Cup, which was hosted in Qatar.
Jameleddine said, “We have managed to build trust with foreign entities and brokered deals under our name with local ones, which led to a significant boost in our credibility and performance rates.”
“In other words, we are still able to see the important contribution of the world cup in our current books and future plans, he added.
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