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Qatar Luxury Residential Real Estate Market Analysis

The Qatar Luxury Residential Real Estate Market size is estimated at USD 1.37 billion in 2024, and is expected to reach USD 1.85 billion by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).

• The Qatari luxury residential real estate market is getting a significant boost from an increasing number of wealthy individuals who are seeking to own multiple homes and new portfolios. The luxury residential market Qatar witnessed a growth as a result of the impact of the COVID-19 pandemic, as many in the working class saw the need for better homes with access to facilities that encourage Work From Homes policies.
• Qatar’s property market is witnessing a significant demand for luxury properties from high net-worth individuals (HNWI), and Qatar boasts the 4th highest GDP per capita globally at approximately USD 69,000. As per industry experts, more than 35% of the HNWI prefer the residential sector as the best investment option in Qatar, followed by the office and retail sectors. In addition, Lusail emerged as a popular choice for luxury homes among HNWI. Also, Lusail’s average household budget is more than USD 1.8 million, and became favorite neighborhood for the wealthy individuals. Lusail Marina and Lusail Waterfront are preferred places for residential acquisition and more than 71% of HNWIs already own properties in those two areas.
• Furthermore, with the recent introduction of more liberal foreign property ownership rules, the end of the economic and political blockade against Qatar, as well as improving economic conditions, it is not surprising that Qatar’s luxurious housing market is now showing signs of growth. Qatar's expanding population, along with a strong demand base and high discretionary income levels, suggests that demand for luxurious homes and villas will likely continue to climb in the near future.

Qatar Luxury Residential Real Estate Industry Segmentation

Luxury residential real estate refers to properties that are exclusively designed for human occupation that provides charmed and resort life with high-end amenities. The report provides key insights into the Qatar luxury residential real estate market. It includes technological developments, trends, and initiatives taken by the government in this sector. Also, focuses on the market dynamics. Additionally, the competitive landscape of the Qatar residential real estate market is presented through the profiles of key players active in the market.

The Qatar luxury residential real estate market is segmented by type (apartments and condominiums, villas, and landed houses), and by key cities (Doha, Al Wajbah, Al Wakrah, and Other Cities). The report offers market size and forecasts for the Qatar luxury residential real estate market in value (USD) for all the above segments.