Qatar’s real-estate sector will continue to grow, especially in the beginning of 2019. This is due to various factors, including the government support and legislative changes on the ownership of properties by foreign investors, which is likely to encourage investments in this sector. It’s no wonder that every major player in Qatar’s real-estate and interior design sector are looking for 3D Architectural Visualization services providers like Render Atelier.
Qatar will continue to grow in the real estate sector
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According to an article in The Peninsular Qatar, 2019 is likely to see unprecedented growth in the real-estate sector. This is thanks to government support, ease of visa policies, and legislative changes on the ownership of properties by foreign investors.
The Peninsular Qatar writes: “According to the new draft law, Qatar is going to introduce bold reforms by liberalising its economy to non-Qatari investors. They may invest in all economic sectors up to 100% of the capital. Also, they may own no more than 49% of the share capital of Qatari listed companies on the Qatar Exchange, after the approval of the Ministry of Economy and Commerce on the percentage proposed in the company’s memorandum of association and articles of association. Also, Qatar has further eased its visa policies.”
The new policies are already making a positive impact
These policies have already begun to have an impact as we will show you now. Momentum in Qatar’s real estate market has increased, driven by investors’ trust in the country’s growing economy. The volume of registered real estates trades between July 29 to August 2 stood at QR 935m. Most of the trading took place in Doha, Al Daayen and Al Rayyan according to a weekly report at the Ministry of Justice’s Real Estate Registration Department.
Moody’s Investor Service recognizes real-estate boom
Moody’s Investors Service also recognized this real-estate boom. They raised the country’s rating to stable reflecting this growth. ValuStrat, the Middle East’s leading consulting group, revealed that Q2 witnessed a rise in real estate transaction volumes.
“According to Moody’s, the rating affirmation to ‘Aa3’ (The fourth highest rating in Moody’s Long-term Corporate Obligation Rating. Obligations rated Aa3 are judged to be of high quality and are subject to very low credit risk) takes into account a number of credit strengths embedded in Qatar’s credit profile which, in Moody’s view, remains supported by the large net asset position of Qatar’s government, exceptionally high levels of per-capita income, very large hydrocarbon reserves and relatively low fiscal and external breakeven oil prices — all of which will continue to provide a significant shock absorption capacity to the sovereign,” noted in The Peninsular.
Looking at Qatar’s real estate market, ValueStrat reports that there is an increased affordability across all sectors in the country.
Pawel Banach (Member of Royal Institution of Chartered Surveyors): “Affordability has become pervasive across all real estate sectors in Qatar. Falling commercial rents are favouring tenants who are budget oriented and prefer smaller units. ON the residential front, developers are offering high-quality apartments at competitive rents to try and secure deals. This increased affordability has improved competitiveness in the real estate market and may partially explain a rise in transaction volumes, amounting to more than QR5bn this quarter. We are expecting these market corrections to continue in the medium term,” he said.
All Real-Estate sectors set for significant expansion
As Qatar continues to invest in infrastructure, all real estate sectors are ready for significant expansion in the coming years. Experts estimate that the combined value of ongoing infrastructure projects will be about QR 200 billion.
The ongoing construction will increase the demand for real estate, especially with the rise in high-profile projects ahead of 2022.
Lusail, Qatar’s waterfront district, will accommodate 200,000 people when finished. It will also house the 80,000-seater stadium and will host the final of the football World Cup.
Qatar’s Real-estate growth and 3D Rendering go hand in hand
This growth has had a direct relationship with the demand for quality 3D Rendering services. Render Atelier has both the expertise as well as the expertise to meet this demand and help build Qatar’s future cities.
Nowadays architects and designers know that without high quality, lifelike hyper-real images they will never manage to convince investors. Thanks to the advancement in Rendering Software and our talented digital artist, RA is able to provide Photorealistic Images. They are accurate, in mind-blowing detail and can be also set in motion. In addition, we can provide our clients with CGI animated 360 panoramas as well as walkthrough videos.
Our services to interior designers are a pure delight. They include an extensive library of furniture, textures, plumbing and lighting fixtures, moulding profiles and glazing treatments. Designers can hand, pick and fill a 3D environment in a matter of clicks. Thanks to this, digital artists’ eye for detail each and every minute detail can be fine-tuned creating an ambience so real and immersive that your clients might want to reach out and touch.
Furniture designers and manufacturers see Qatar as a “hotbed of activity”
Naturally with the huge growth in real-estate, furniture designers and manufacturers also see Qatar as a hotbed of activity. And whether you’re an emerging start-up or an established brand in order to get noticed by designers and consumers alike your products need to be shown in their best light. 3D rendering far outshines traditional photography. Apart from low cost it offers you unparalleled versatility when it comes to marketing, especially online.
The 2022 FIFA World Cup in Qatar has resulted in a gold rush for hotels, here to 3D rendering is changing the game allowing guest features like virtual tours & 360 panoramas showing off the exquisite and luxurious interiors and the amenities all in the virtual world.
RA’s 3D Architectural Visualization services can make your project a reality
We understand the challenges our clients face when it comes to selling a great design. That’s why we are willing to go the extra mile to ensure that your designs and ideas materialize into reality. Our team is able to easily understand your needs and deliver rendering in an efficient professional manner within deadlines.
Thousands of trade professionals are expected to meet with over 200 local and international construction companies exhibiting at the first edition of “The Big 5 Qatar” from 24–26 September 2018 at the Doha Exhibition & Convention Centre. The event will also feature live demonstrations and 40 CPD (Continuing Professional Development) accredited workshops delivered by renowned industry experts.
Render Atelier shall also be at this event. Do meet Andrea Corsini, our CEO and Design Director. Get to know us better and how we can help secure a place in Qatar’s Booming Real-estate sector.
