Investors in real estate eyeing Doha outskirts

Source:  thepeninsulaqatar.com

DOHA: With project works of Doha Metro rail picking up, real estate investors are increasingly looking to invest in the outskirts of the city, the areas covering an  estimated over 100km network.

There is a growing appetite to invest money in the interiors like Al Shamal, Al Khaisa, Umm Salal and Al Kharaitiyat.

Works on metro project are fast progressing. Simultaneously, the government is investing huge amount of money in the interiors to develop infrastructure facilities with the support of concerned municipal authorities.

The civic bodies have also set aside enough money in their annual budgets to expand public service facilities in their areas, adding incentives to investors.

In Al Shamal, 12 major commercial complexes are under construction and several projects are in the designing stage.

These development works are encouraging investors to put their money in these emerging townships, Roots Real Estate General Manager, Ahmed Al Arouqi, told an Arabic daily.

Similarly, a large number of development works are also in the pipeline in and around Al Khaisa, Umm Salal and Al Kharaitiyat.

The remote Al Kharaitiyat recently hit the headlines after a plot in the area was sold at a record QR19,091 per sqm. More info

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