DTZ experts to speak at Cityscape’s Qatar Real Estate Summit
Edd Brookes, General Manager DTZ Qatar, will lead discussions on residential over-supply and the impact of falling oil prices.
Mark Proudley, Associate Director DTZ Qatar, will address the next big wave of supply and the impact of the metro on the commercial office market.
DTZ, the oldest established global real estate advisory in Qatar, will deliver expert opinion at Cityscape’s Qatar Real Estate Summit from 11th to 13th May 2015. The Summit brings together major international, regional and local real estate players for candid debates and in-depth analysis of current trends.
Leading members of the DTZ Qatar team, Edd Brookes (General Manager) and Mark Proudley (Associate Director), will chair the Summit on its first and second days, as well as moderate focused sector discussions on the event’s third and final day.
On the final day of the Summit, the residential sector series, hosted by Mr. Brookes, will focus on a range of topics including the question of whether Qatar’s residential sector is facing oversupply; the challenge of providing the right housing in the right location; the impact of falling oil prices on the residential market; and the issue of improving building quality.
Commenting on the current state of Qatar’s real estate market, Mr. Brookes said:
“In the current climate, developers and investors entering Qatar for the first time need to be sure the very best market data is available to them. This means a bespoke report is probably necessary, as well as a well-planned exit strategy. While occupiers often have similar demands anywhere in the world, Qatar’s budget surplus has an important role in shielding it to an extent from exposure to the global economic cycle, and this is a positive thing for its real estate market. I have every expectation that discussion of these subjects at Cityscape’s Summit will be both informative and fascinating.”
Day Three will include in-depth discussion of Qatar’s office sector, led by Mr. Proudley. Panellists will consider the next big wave of office supply in Lusail; the impact that the metro project is likely to have on the commercial office market; and the improved design of office space to meet occupier requirements.
Ahead of the event, Mr. Proudley commented:
“We expect to see the office market in Doha witness large increase in supply over the medium term as new projects like Lusail come on stream. Falling oil prices has led to reduced demand for commercial space in a market heavily reliant on the energy sector and government related occupiers. Unlike oil, land prices have continued to rise and are in danger of being unsustainable if the rental markets don’t deliver comparable increases. I am looking forward to open discussion and the sharing of collective knowledge in the course of the Summit.”