Vendome International Property introduces real estate investments to Qataris

Vendome International Property (VIP), the leading international property consultancy company in Europe, attracted Qataris with the new real estate developments in Cityscape Qatar on April 26 to 28 at Doha Exhibition and Convention Center. The company explained to investors how to diversify outbound property investments and their portfolio by investing in Europe.

“Investor sentiment towards real estate remains positive. The market is showing that investing in properties is still a safe haven for a plausible return of investment. Being here at CityScape Qatar is a privilege for us to showcase our new projects to the Qatar market. As for most Qataris, investing in Europe especially in real estate is a strategic move,” stated General Manager of Vendome International Property, Marie Mahmouch. The company introduced new developments in top locations – France, Spain and Portugal. Mostly situated in an excellent living environment, near airports and town centers and leisure places, the projects encompass mainly the necessity of the clients.

The people of Qatar are very smart investors and they always go for the best trophy assets. In the past few years, we have seen an increase interest for European properties. Qataris have acquired many landmarks properties. Most of the properties were bought for holiday purposes or basically to have a second home. Furthermore, buyers have kept in mind long-term investments and have been investing in ‘buy-to-let’ properties in renowned cities for capital growth. Hence, we have seen that the investments in Europe have been in billions of Euros by Qatari nationals.

This also shows the growing ties between the great nation and the continent. The investment environment has been very welcoming. We observed that France and UK have been top countries for investment. However, the investors are also now diversifying their investment in other major European countries like Germany, Spain and Portugal. At Vendome, more than 30% of our investors come from Qatar and the numbers are growing proportionately. We are expecting this trend to continue as the Qatar economy has been strong in the past few decades.

According to leading economist in the region, Basheer al Kahlout, Europe is an attractive place for Qatar to invest in. He further mentioned that Qatar is diversifying its sources of income away from gas and fuel sector. The widening of foreign investments of Qatar Investment Authority (QIA) is part of the plan. A recent report from CBRE, the world's largest commercial real estate services firm, states that about $11.5 billion of capital flowed out of the Middle East in the first half of 2015 into direct real estate globally.

The Middle East is the third-largest source of cross-regional capital with the amount of the region’s foreign investments in the first half of 2015. The largest source of outbound capital comes from Qatar with a total of $5.2 billion invested in global assets.

Three New Developments for Qatar Investors

Port Royal Residence (France)

This residential area is located just above the harbor in Evian-les-Bains. It is a 2-minute walk from the town center, thermal baths, leisure activity area like cinemas and a jetty for boats to Lausanne. The building boasts a contemporary architectural design with terraces and balconies overlooking the lovely scenery of the gardens, town and the lake. A total of 54 apartments ranging from one to four bedroom type apartment.

Las Terrazas De Cortesin (Spain) – Golden Visa Available

Luxurious and Modern – The property is located between Marbella and Gibraltar on the most exclusive stretch of Costa del Sol. It comprises of 45 properties of 2-3 bedroom apartments and 3-bedroom penthouses with a panoramic view of the sea and golf course from the large terraces and solariums. The estate is close to the beach and prestigious Finca Cortesin Golf Club and its hotel. 

Praia Do Sal (Portugal) – Golden Visa Available

Praia do Sal Lisbon Resort, situated in the town of Alcochete, offers an incredible atmosphere where traditional trade, local gastronomy and leisure activities meet. It is 20-minutes away from Lisbon and its airport, at the boundaries of the Tagus Nature Reserve. The residence varies from 1-3 bedroom apartments featuring high quality finishing, large terraces, fully fitted kitchen and bathrooms, plus private indoor parking lots.