Posted on November 26, 2015

DTZ Qatar, the leading global real estate advisor of Qatar, has announced the opening of its new dedicated residential leasing and sales office in Medina Centrale at Doha’s luxury mixed-used destination- The Pearl Qatar. The DTZ Residential sales and leasing office was officially inaugurated with the support of the company’s Qatari partners, Dr. Ghanem Al Hammadi and Mr. Ibrahim Al Asmakh.  

Speaking at the ribbon cutting ceremony, Edd Brookes, General Manager of DTZ Qatar, said: “This is a great day for DTZ Qatar. We are known for being the oldest global real estate advisor operating in Qatar and today we are celebrating 10 years in the country. One of the ways that we have chosen to celebrate this milestone is by inaugurating our new dedicated residential sales and leasing office with our Qatari partners. Our aim as a real estate firm is to grow sustainably with the country, maintain our international best practice standards and playing our part as Qatar strives towards its 2030 National Vision goals. Our move onto The Pearl demonstrates the confidence we have in Qatar and the commitment we have to its market growth.”

DTZ Qatar recently released its Q3 market report in which the residential rental market outlook is said to be strong despite increasing vacancy. The strong rental market for the last two quarters is attributed to the population increase stemming from the growth in the private sector in non-hydrocarbon industries. The residential sales market had a strong start to the year, with the increase in mortgage applications from 2014 continuing into Q2. The residential market this year has seen the highest amount of sales activity, where second hand units typically trade between QAR13,000 and QAR15,000 per sqm, and new units can achieve in excess of QAR17,000 per sqm.

The ribbon cutting ceremony was attended by DTZ Qatar’s partners, the department heads of the RE firm, representatives from the global head office of Cushman and Wakefield, representatives from many of DTZ’s loyal clients in Doha, and members of the press.