Jones Lang LaSalle releases 'Doha: Global Ambition, Regional Influence' report

Our latest World Winning Cities report, entitled 'Doha: Global Ambition, Regional Influence' aims to capture a view of Doha's future competitive position and assess how this will impact the future development of the local real estate market.

This is articulated through Jones Lang LaSalle's principles of city competitiveness which argues that Doha has the potential to emerge as an increasingly important city in both a regional and global context in the long term.

Jones Lang LaSalle conclude:

- Doha offers a unique combination of ingredients that are likely to see its emergence as an increasingly influential city on the global stage;
- Property plays a pivotal role in the implementation of the economic and physical vision for Doha;
- As in other emerging markets, real estate development has progressed ahead of economic development. Over the short-term, the enthusiastic pace of physical development in Doha is likely to exceed the level of end user demand. However, as the other components of the broader economic vision start to bear fruit over time, increased demand will be generated for all forms of real estate;
- Given that Doha is at a less advanced stage in its real estate development cycle than neighbouring cities, the timing of the current global economic slowdown may be a positive, allowing the market to 'pause for breath' and adjust to the new economic reality.