Qatari Real Estate Market and Its Response to Shocks

Alanoud Hamad Fetais ()
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Alanoud Hamad Fetais: Hamad Bin Khalifa University

A chapter in Eurasian Business and Economics Perspectives, 2023, pp 251-267 from Springer

Abstract: Abstract This study analyzes the real estate market in Qatar and its response to local and international shocks and crises. Shocks that are addressed in the study are of a different nature, starting from the global financial crisis and the decrease in oil prices, moving to the Gulf Crisis, and recently the COVID-19 pandemic. To assess the situation, the paper begins by examining the factors that affect local and international investors’ decisions in this market. In a second step, the study explores the Qatari government’s role in the real estate sector through diverse initiatives and legislations. It is found out that this role supports the real estate sector, especially in crisis periods, and presents recommendations for a sustainable real estate market. This study addresses the Qatari real estate sector by using the real estate price index (REPI) issued by Qatar Central Bank (QCB) and covering the period from April 2006 to August 2021. Furthermore, it highlights the sold properties by the Ministry of Justice for the same period. Analysis of the data reveals that the global financial crisis had the strongest impact on the Qatari real estate sector, exceeding the effects engendered by the political crises, the decrease in oil prices, and the COVID-19 pandemic during the studied period.

Keywords: Qatar; Real estate; Price index; COVID-19; Global financial crisis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-36286-6_15

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DOI: 10.1007/978-3-031-36286-6_15

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