Ghofrane Jameleddine, Chief Executive Officer of Camelia Homes
Doha, Qatar: Qatar’s provision of financial assistance and political stability are some of the important pillars to attract investors from across the globe, remarked an official.
In an interview with The Peninsula, Ghofrane Jameleddine, Chief Executive Officer of Camelia Homes, noted that the country extends great assistance to entrepreneurs with several benefits in addition to the essence of Qatari society.
He said, “The country provides an ideal environment for families to be safe from the brutality of the modern age endangering the future generation while remaining connected to the contemporary world. Such norms make Qatar a very unique market always attracting investors to safely plan their interests here.”
Recent statistics by the Ministry of Justice indicate that 2024 has been a challenging period for the real estate sector.
Jameleddine noted that last year saw numerous amendments in laws and regulations related to the real estate market.
“While each announcement will take time to show its intended results, such changes can understandably overwhelm activists and investors, leading them to pause and carefully observe the developments,” he said.
However, looking at the long term, experts anticipate that the country will continue to attract investments, and 2024 is poised to be a historic year as the market begins to see the results of the efforts put in place.
The official emphasised that Qatar’s planning and strategies are now clearer than before. “Real estate has become a major focus, with regulatory bodies taking serious steps to remove unlicensed freelancers from the market,” Jameleddine said.
Meanwhile, developers continue to impress with world-class projects set to be delivered in the coming years as Qatar witnesses “the rising demand for investments in the country, and we have confidence that this growth will continue.”
He further stated that picking the right partner in a real estate journey is key for first-time entrants to the market. He said, “Try to improvise while making such an important decision in your life; neither should you be afraid to use help from a real estate specialist. Simply try not to accept assistance from an entity that you did not vet personally. It is always recommended to ask people in your circle as they may have had good experiences with particular names in the market."
“When it comes to investing in Qatar, assuming that there could be an angle from which it has cons, currently it is the time for pros only; Buying today is a safe decision when you see where the country is heading, be it the financial opportunities, the political stability, the regulatory improvements, or the growing demand,” Jameleddine added.
