March 7, 2008
Luxury Real Estate Thrives in Qatar
Engel & Volkers specialize in luxury real estate world-wide and launched it’s operations in Qatar last week at the opening of the 3rd Qatar International Real Estate and Investment Exhibition (Q-Rex) at the Doha Exhibition Centre.
"The demand for local and international properties is very high. People that are visiting us at our booth are genuinely interested in the properties being showcased at the exhibition,” he said.
“There is high demand for properties in the Doha real estate market, including rental space in residential and commercial estates, but Qatari buyers are also looking for properties overseas,” Birkhofer told The Peninsula yesterday. Many Quatar nationals are enquiring about luxury property in London, Cyprus, Switzerland and Germany.
"The real estate market in Qatar as in the whole region is booming. Doha, Dubai, Abu Dhabi, Bahrain are all witnessing a real estate boom and the demand exceed the supply for properties," said Birkhofer.
The company’s most luxurious properties are being shown at the exhibition - a $42 million residence in Miami, traditional antique castles in Europe and a private island in Seychelles, to mention just a few.
The luxury properties that Engel & Volkers handle in Quatar sell from as little as $275,000 for a condo in The Pearl Qatar to more than $11 million for villas and penthouses.
Birkhofer went on to say, "The Doha real estate market is a perfect location for our company. We will provide clients not only access to international properties, but we will also provide a gateway to our large client network."
Engel & Volkers is a leading European luxury real estae company with branches situated in 25 countries around the world, including Florida, South Africa, Majorca, Phuket, and now Doha.
Their Middle Eastern website is here
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Filed under For Enthusiasts by Mark Knowles
