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Qatar warns it will take action against real estate landlords and developers who increase prices in run up to 2022 World Cup

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Qatar warns it will take action against real estate landlords and developers who increase prices in run up to 2022 World Cup - Qatar - property market - landlords - developers


Landlords, real estate companies and developers are set to benefit from the announcement that Qatar is to host the 2022 FIFA football World Cup tournament.



A number of developers are already working in the Gulf state and others in the region are hoping to get some of the action from the region’s first ever global football competition.

However, Qatari authorities are warning that legal action could be taken against landlords who inflate their prices. It is even considering introducing a new law to curb excessive real estate rents.

In order to cope with the expected deluge of football fans and officials, Qatar is planning to have in place an extra 240 properties, according to the official bid documents submitted to FIFA.

There are currently around 100 existing hotels, villages and compounds spread across the seven host cities. An additional 140 properties will be sourced or constructed to meet accommodation needs, including a cruise ship project in Al Wakrah with 6,000 rooms, the report added.


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