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Doha Metro to Boost Real Estate Sector

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Doha Metro to Boost Real Estate Sector Ramadan Timing Today's Iftar: 6:14pm Tomorrow's Imsak: 03:14am BUSINESSB | 01 SPORT | 08 New business Qatar keen to continues impress at Copaa to underpin America debut: cconfidence: QFC Coach Sanchez Wednesday 15 May 2019 | 10 Ramadan 1440 www.thepeninsula.qa Volume 24 | Number 7892 | 2 Riyals Get your Box of Joy every day on Ooredoo Apppp Amir hosts Iftar banquet for Armed Forces, MoI officers Amir H H Sheikh Tamim bin Hamad Al Thani hosted yesterday an Iftar banquet in honour of the commanders and senior officers of the Armed Forces, the Ministry of Interior (MoI) and various security bodies, on the occasion of the holy month of Ramadan. The banquet was attended by H H Sheikh Jassim bin Hamad Al Thani, the Personal Representative of the Amir. It was also attended by Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, as well as a number of Their Excellencies Sheikhs. `P2 Doha Metro to boost real estate sector SACHIN KUMAR Past experiences in other near metro stations. THE PENINSULA countries have showed that “Once the metro becomes fully opera- properties located near metro tional, areas that have been poorly connected The Doha Metro project will further boost or are in a secondary location such as Lusail the country’s real estate sector. The areas stations have commanded and Al Wakrah will have the potential to help closer to the metro stations are likely to premium compared to deliver a wider range of real estate projects. benefit the most from the project as they are properties far from stations. These neighbourhoods are expected to expected to attract new real estate projects. benefit and have the potential to outperform “One of the significant impacts of rail the wider market over the longer term” transit projects is the impact on the real estate “Although there are many factors which Pawel Banach said. market. Numerous accounts of recent expe- impact the value of a property such as Another potential impact of the Doha riences with the impact of rail transit on location, quality, amenities etc; nearness of Metro on real estate is the expected long- property values have surfaced within the past the property to the metro system can become term increase in supply along metro routes. two decades regionally and internationally. a value deciding factor,” he said. Regionally it has been observed, that routes Proximity to the metro system in Qatar may “In Singapore, properties located five along the existing and potential rail transit potentially become a trigger for real estate minutes away from a rail station tended to system become popular for future real estate activity and development,” Pawel Banach, attract more demand and received a premium developments and attractive for investors. Amir awards Hamad bin Khalifa General Manager, ValuStrat told The of 10 to 15 percent in price compared to prop- He also added that rental rates and Peninsula. erties located further away,” Banach explained. absorption of buildings in close proximity to Sash to Dr Ibrahim Al Ibrahim The partial operations of Doha Metro Red Doha Metro has become a big hit among res- metro stations are also expected to grow QNA/DOHA Line was launched last Wednesday with idents as more than 86,000 people used the especially in areas which are secondary. trains running between Al Qassar in the north trains in the first two days after its launch. “There is a range of factors which may poten- Amir H H Sheikh Tamim bin Hamad Al Thani awarded the Hamad bin to Al Wakrah in the south. The full opening The areas near stations are expected tially drive this trend, one of the most Khalifa Sash to the Economic Adviser at the Amiri Diwan H E Dr Ibrahim of the network is expected by 2020. Past an increase in construction activity and important being affordability. Over 50 Al Ibrahim, in recognition of his sincere efforts towards the State of experiences in other countries have showed launch of new real estate projects. Going percent of the households in Qatar are Qatar. The reception was attended by the Deputy Amir H H Sheikh Abdullah that properties located near metro stations forward, in order to balance the rising cost middle-income, therefore rents in this bin Hamad Al Thani, and the Prime Minister and Interior Minister H E have commanded premium compared to of living, potential home renters may segment have performed comparatively Sheikh Abdullah bin Nasser bin Khalifa Al Thani. Dr Al Ibrahim expressed properties far from stations. increasingly demand for property located better than others,” he added. his deep pride and gratitude to the Amir for this honour. Collection offices equipped with gold scales to calculate Zakat SANAULLAH ATAULLAH Ramadan when most Muslims points throughout the country THE PENINSULA prefer to give this obligatory and they work from 9am to 3pm alms due to religious and 8:30pm till midnight,” said The Ministry of Awqaf and importance. Al Kubaisi. Islamic Affairs represented by Al Kubaisi was speaking at a He said that the collectors Zakat Fund Department has recent event on the preparations are also available at major provided gold scales to its Zakat and activities of Zakat Fund shopping complexes from collection offices/points and Department during Ramadan. 10am to 4pm and 8:30pm till trained collectors to calculate “Zakat Collection Section at the midnight during holy month of accurate amount of Zakat in gold Department offers service of cal- Ramadan. and gold jewellery. The culating Zakat amount in gold “The Department offers Department also offers service through its collection offices quick service by dedicating two of calculating Zakat in shares which were provided gold experts to receive the calls of and animals. scales,” said Al Kubaisi. people seeking information Head of the Zakat Fund He said that the collectors about the Zakat throughout the Department, Jassim bin who were given special training year but during Ramadan the Mohamad Al Kubaisi, said that are able to calculate Zakat in efforts are intensified because Festive decorations the Department intensified shares and animals at the offices most of the people give Zakak Doha Corniche is adorned with festive lights and colourful decorations as part of the holy month of efforts to facilitate people in cal- across the country. “We have 34 during this spiritual month,” Al Ramadan. PIC: BAHER AMIN/THE PENINSULA culating Zakat amount during Zakat collection offices and Kubaisi said. `P3 'Summer in Qatar' to kick off with elaborate Eid schedule THE PENINSULA attractions that will be open to geared towards families, with Qatar an attractive destination Among the newest summer country’s first indoor snow park DOHA public from the first day of Eid children’s shows and movie pre- for Eid holidays” She added, attractions this year, are three with a cutting-edge snow- Al Fitr. mieres, as well as concerts and “The summer festivities, which unique indoor theme parks making system, is also expected To kick off its biggest ‘Summer Mashal Shahbik from QNTC sports. With more than 30 this year include both Eid hol- operated by Trimoo Parks and to open this summer. Virtuocity- in Qatar’ program, Qatar commented “We are excited to public and private sector idays, form a key part of our located inside Doha Festival City. a gaming and eSports venue National Tourism Council launch the biggest Summer in partners offering a range of strategy to energise the tourism The first ever Angry Birds World spanning over 4,500 sqm will (QNTC) has announced a number Qatar program. This year’s exciting promotions and activ- sector through diversifying theme park launches its new host a FIFA E-Sports Cup in part- of entertainment shows and new entertainment offerings are ities, we are excited to make Qatar’s events calendar.” outdoor area. Snow Dunes – the nership with PSG. `P3 02 HOME WEDNESDAY 15 MAY 2019 Amir hosts Iftar banquet for Armed Forces, MoI officers Amir H H Sheikh Tamim bin Hamad Al Thani hosted an Iftar banquet in honour of the commanders and senior officers of the Armed Forces, the Ministry of Interior (MoI) and various security bodies, on the occasion of the holy month of Ramadan. The banquet was attended by H H Sheikh Jassim bin Hamad Al Thani, the Personal Representative of the Amir. It was also attended by Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, as well as a number of Their Excellencies Sheikhs. MOTC calls for innovative digital content entries for World Summit Awards THE PENINSULA society, WSA seeks to raise awareness and empowerment. to pitch their projects to an international in the UN Declaration of Human Rights. DOHA give recognition to the best e-Content A local jury, chaired by the national on-site panel. Submissions that encourage war, violence produced all around the world. expert of WSA for Qatar, Reem Al Man- All submissions must be no more than or discrimination, will not be accepted. The Ministry of Transport and Commu- Companies, institutions and indi- soori, MOTC Assistant Undersecretary of two years old (after January 1, 2017) when Similarly, submissions that violate inter- nications (MOTC) is now accepting appli- viduals across the country are now invited Digital Society Development Affairs, will submitted to the competition, and may national copyright provisions will be cations at national level for the “World to join the competition by submitting their assess the submissions and select one include any applications that offer useful, excluded. Summit Awards 2019”. The World Summit best digital content applications to qualified work for each category to rep- high quality, innovative digital content Qatari entrepreneur and inventor Awards (WSA) is an international compe- compete in eight award categories, with resent Qatar.
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