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Qatar Residential Real Estate Market Analysis

The Qatar Residential Real Estate Market size is estimated at USD 2.94 billion in 2024, and is expected to reach USD 4.20 billion by 2029, growing at a CAGR of 7.42% during the forecast period (2024-2029).

• After a dip in Q2 2023 of apartment rental rates across Qatar, some sectors stabilized as demand picked up in Q4 of 2023. Lower rents, coupled with rent-for-rent incentives, saw a surge in demand for apartments in Pearl Qatar and Lusail during August and September 2023, coinciding with the start of the school year.
• As supply increases, there is a growing gap between occupancy rates across the market. High-quality buildings with quality property management are beginning to attract high demand from potential tenants despite evidence of higher vacancies across the market.
• A number of master-planned apartments, including those in the new developments such as Madinatna and Ezdan Oasis – which benefited from strong demand due to the World Cup – had been steadily building occupancy throughout 2023 and offered attractive rental deals for new tenants.
• Compound villas continued to enjoy high occupancy across Doha, and rents have remained relatively stable throughout the year. On Pearl Island, one-bedroom apartments can usually be rented with rents ranging from QAR 7,000 (USD 1922.55) to QAR 9,500 (USD 2609.17) a month, depending upon the location and the quality of the building. The majority of three-bedroom apartments on the Island are now available for rent, ranging from QAR 13,500 (USD 3707.77) to QAR 16,500 (USD 4531.72) a month.
• For example, in Fox Hills, a one-bedroom unit is usually priced between QAR 5,000 (USD 1373.25) and QAR 6,500 (USD 1785.22) a month, while a three-bedroom unit is priced between QAR 8,500 (USD 2334.52) and QAR 10,000 (USD 2746.50) a month.

Qatar Residential Real Estate Industry Segmentation

Residential real estate is land that has been built for the purpose of allowing people to live there. It cannot be utilized for commercial or industrial reasons. It appears when someone purchases land designated for residential use, which becomes real estate property and contains a wide range of potential homes, from houses to houseboats, and neighborhoods ranging from the poorest slum to the wealthiest suburban development.

A complete assessment of the Qatari residential real estate market includes an assessment of the economy and the contribution of sectors in the economy, a market overview, market size estimations for key segments, and emerging trends in the market segments in the report.

The Qatari residential real estate market is segmented by type (apartments & condominiums and villas & landed houses). The report offers market sizes and forecasts for the Qatari residential real estate market in value (USD) for all the above segments.