(MENAFN) Qatar's real estate sector is expected to achieve a major surge as a result of the Doha Metro project, a jump mostly to be enjoyed in places near the metro stations.
General Manager of ValuStrat Pawel Banach affirmed that "one of the significant impacts of rail transit projects is the impact on the real estate market."
"Numerous accounts of recent experiences with the impact of rail transit on property values have surfaced within the past two decades regionally and internationally. Proximity to the metro system in Qatar may potentially become a trigger for real estate activity and development," Banach added.
Last Wednesday, the GCC nation commenced the partial operation of Doha Metro Red Line, featuring trains operating between Al Qassar and Al Wakrah.
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