(MENAFN- The Peninsula)
Joel Johnson
|
The Peninsula
Doha, Qatar: Qatar has a robust and dynamic business environment, making it an attractive destination for various industries, making it a second home for several businesses in the UAE, lauded an official.
In an interview with The Peninsula, Rohit Bachani, Co-Founder of Merlin Real estate said:“Encouraging investments from businesses in Qatar not only strengthens regional ties but also brings valuable expertise and innovation, contributing to the development of local markets and communities, building a prosperous future for everyone involved. Exhibiting at the Cityscape Qatar 2025, which concluded yesterday, Merlin Group has partnered with numerous entrepreneurs in Qatar over the span of 25 years.
He said,“Cityscape Qatar has consistently been a launchpad for impactful collaborations, highlighting both residential and commercial real estate, and attracting over 10,000 attendees. We are thrilled to be part of this year's event, aiming to expand our networks and align with our growth strategy at Merlin Group, particularly within our real estate division.”
He remarked that the UAE's realty growth is largely due to investments made from Qatar.
“Dubai stands at a unique point in its journey towards the real estate industry's growth as Qatari investments are a key enabler in unlocking several new possibilities,” Bachani said.
He noted that the UAE witnessed an upsurge in tourism and foreign interest due to FIFA 2022 hosted by its neighbors. The entrepreneur said,“That for me is a testament to how both the countries continue to benefit from each other and can achieve great milestones, further elevating the Middle East's presence at a global level.”
The GCC is entering an exciting phase of transformation, marked by proactive government initiatives and an increasing influx of foreign investment, highlighted Bachani.
He noted,“With a notable rise in interest from ultra-high-net-worth individuals (UHNWIs) eager to diversify their assets-thanks to favorable immigration policies, attractive returns, and flexible payment options-Cityscape serves as a crucial platform for industry leaders like us.”
Encouraging businesses in the country to discover new and trending opportunities in the UAE, he said:“Through CityScape Qatar, we are keen on inviting familiar faces as well as new investors to explore the expansive possibilities Dubai offers for those looking to build a strong portfolio, expand business operations or capitalize on trade opportunities.”
While residential real estate flourishes and diversifies in the UAE market, Qatar is making great strides within the commercial property sector, he remarked. Bachani underscored that both countries have a“unique eye” for luxury.“Together, we see that synergy reveals interesting potential for growth within each of these economies,” he said.
Traditionally, the UAE and Qatar have had a long history together as camaraderie between both countries and cross-border business works in tandem, and augment each other's economies.
He further added,“Plans of opening an office in Qatar are in the pipeline and we look forward to making this happen over the next couple of years to support Qatari investors in managing their properties in the UAE, especially with bespoke solutions that are backed by a homegrown industry knowledge, enhanced property management, home finance, mortgage and acquisition advisory.”
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