Following Dubai's mega tourism and real estate development, other Gulf countries are pushing their own plans to attract visitors and open up their property sector to foreigners to stimulate their economies.
According to GDN, capitalising on a potentially lucrative market, Qatar is in the throes of its first international real estate venture with The Pearl-Qatar, a $2.5 billion artificial island off its coast. The initial phases of selling apartments on the development, which will include housing for up to 30,000 people, met an overwhelming response from regional and international investors, developers said.
