Tapping into the “Petro Dollars”
With more and more million-dollar houses on the market in Marbella, it’s good to know that there is still an abundance of clients for that price bracket.
Despite the dip in Oil prices, the Gulf state still holds the wealthiest countries in the world, with Qatar taking the current number one slot.
Over the last few years there has been an increase of investments from the Gulf region into the Costa Del Sol, no greater example of that was the purchase of Malaga Football Club by Qatari investor Abdullah ben Nasser Al Thani. These promising signs have led to the Gulf airlines also catching on to this natural summer migration with the launch of new regular connections to the region.
Saudia Airlines is already selling seats for their new routes between Malaga – Jeddah and Malaga – Riyadh, whilst Qatar Airlines launched their new Malaga – Doha flights, starting this June. Both airlines are launching the routes with their latest modern fleet of airplanes and will help to increase the presence of the Gulf’s ’Petrol Dollars’ into the Coast.
The resurgence of the Arab tourist market is a great sign for the local home owners and with it comes their high purchasing power that are targeting the million-dollar house market.
For details on schedules between Málaga and the Gulf, visit the Qatar Airways website.