Although many property markets worldwide have taken a hit in the recent economy, Qatar boasts one of the highest standards of living worldwide and the single highest per capita GDP in the Arab world. The Qatari housing market is booming, owing to the vast resources of crude oil and petroleum located in the state. According to a recent study by Forbes magazine, when adjusted for purchasing power, Qatar enjoys the single highest adjusted GDP per capita in the world!
Moreover, since Qatar has no income tax and boasts large-scale governmental investment in education, infrastructure development, and real estate. Partnering with international contractors and educational resources, Qatari development to the tune of QR240 billion ($60 billion USD) will progress in the upcoming decade. As major infrastructure projects proceed, the housing market looks set for strong growth. Over the past few years, the real estate market has blossomed significantly, and all signs point to continued growth with the economy of this small, but flourishing, nation.