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International Interest Grows as Rising Sales and New Hot Launches Mark Day 2 of Cityscape Qatar

  • The 10th edition shows that inbound and outbound property investment is flourishing in the region

Doha, Qatar: The second day of Cityscape Qatar, the country’s premier real estate investment, development and networking event, has garnered increased international interest amid a series of new project launches, sales units and growing demand.

His Excellency Mustafa Goksu, Turkish Ambassador to Qatar, toured the Doha Convention and Exhibition Center yesterday, touring the inaugural Turkish Pavilion to hear updates on the latest opportunities in Qatar and Turkey.

Şekib Avdagiç, President of the Istanbul Chamber of Commerce, said his country’s first participation in the annual real estate showcase was an unmissable opportunity for Turkey to showcase some of its new projects and attract international investments.

“Cityscape Qatar is a great opportunity for us,” he said. “For the first time, we are hosting a national pavilion made up of 14 investment and real estate companies looking for opportunities. This platform is a very important avenue for the promotion of Turkish real estate projects with the aim of attracting wealthy investors.

The 10th edition of the three-day event shows that inbound and outbound property investment is booming in the region. Jamal Mourad, CEO of Bin Al Sheikh Real Estate Development, said he saw increased interest and sales from day one in his residential and commercial projects.

“Part of our goal for the company is to rebrand and we now have large scale projects to showcase, which is why we decided to exhibit this year,” he said. “We are showcasing both our QAR 1.2 billion Ramada project, as well as the Ain Khalid Mall which will open in two months. We are here to finalize reservations for 55 stores and one hypermarket. So far, we have completed four transactions, including a residential area of ​​70 villas, and we have met with experts from the commercial real estate sector who will support us with an overview of our Ain Khalid project.

Another sale was completed by local developer Mart Real Estate (MRE), said the company’s managing director, Zakaria Abdullah. “It’s been a good start for us this year,” Abdullah said. “Today we successfully sold a full floor in our upcoming Seville Residences development, located in the Fox Hills area of ​​Lusail City. We sold nine units to a single buyer for a total of QAR 11.5 million, strengthening the current appetite for demand and confidence in the short and long term rental market.

Sana Kheir, managing director of Mayfair Property Group, reinforced this sentiment. “The lockdown has slowed both business activity and investment in the real estate market,” Kheir said. “We felt that this edition of Cityscape Qatar was a perfect opportunity to come back and meet people as we are witnessing an increased appetite for investment in the market. Also, with the FIFA World Cup approaching , this will create momentum in diversified investment markets.Our greatest strength is that we come to market with high quality collaborations in different parts of the world and have seen increased investment opportunities in places such as United States, United Kingdom and United Arab Emirates.

Chris Speller, Cityscape Group Director, added: “We are extremely pleased to see such interest across all asset classes, both locally and internationally. Cityscape Qatar has once again proven to be a catalyst for announcements, investment opportunities and face-to-face encounters. New product launches, on-site sales and new signings testify to the growth phase that the Qatari real estate market is currently experiencing.

Cityscape Qatar takes place June 20-22 at the Doha Exhibition and Convention Center and is supported by platinum sponsors Qetaifan Projects and Aqarco.

For more information visit: www.cityscapeqatar.com

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About the cityscape:

Cityscape, owned by Informa Markets, first took place in 2002 and has since grown to go beyond exhibitions, to become one of the largest real estate data and media portfolios in the world.

The Cityscape Portfolio provides industry professionals with up-to-date material, matchmaking and micro-analysis through in-person conferences and exhibits, data trend analysis, insightful webinars, podcasts and custom articles. With a focused content and data platform, Cityscape Intelligence, and events taking place in the Middle East, North Africa, Asia and Turkey, the Cityscape brand is leveraged in the real estate market across a range of markets , including Qatar, Dubai, Abu Dhabi, Egypt and Saudi Arabia, and with expansions on the horizon in Europe and Asia.

For more information, visit www.cityscapeqatar.com

About Informa Markets:

Informa Markets creates platforms for industries and specialty markets to trade, innovate and grow. Our portfolio includes over 550 international B2B events and brands in markets such as healthcare and pharma, infrastructure, construction and real estate, fashion and apparel, hospitality, food and beverage, and health and nutrition, among others. We provide our customers and partners around the world with opportunities to engage, experience and do business through face-to-face exposures, specialized digital content and actionable data solutions. As the world’s leading trade show organizer, we bring a wide range of specialty markets to life, unlocking opportunities and helping them thrive 365 days a year. For more information, please visit www.informamarkets.com.


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