Commercial Real Estate - Qatar

Qatar

The Commercial Real Estate market market in Qatar is projected to reach a value of US$208.80bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 0.45%, resulting in a market volume of US$213.50bn by 2029.
When compared globally, the United States is expected to generate the highest value in the Real Estate market with US$25,280.0bn in 2024.
Qatar's commercial real estate market is experiencing a surge in demand due to the country's growing economy and increasing foreign investment.

Key regions: Europe, France, Japan, Brazil, Asia

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Analyst Opinion

The Commercial Real Estate market in Qatar is experiencing significant growth and development due to various factors.

Customer preferences: Customers in Qatar are increasingly looking for high-quality commercial real estate properties that offer modern facilities and amenities. They are also seeking properties that are located in prime locations and offer easy accessibility to transportation and other amenities. Additionally, customers are showing a preference for sustainable and environmentally-friendly buildings that incorporate energy-efficient features.

Trends in the market: One of the key trends in the commercial real estate market in Qatar is the increasing demand for office spaces. The country's growing economy and the presence of numerous multinational companies have led to a surge in demand for office spaces. As a result, developers are focusing on constructing modern office buildings to cater to this demand. Another trend in the market is the rise of mixed-use developments. These developments combine commercial spaces with residential, retail, and entertainment components. This trend is driven by the desire to create vibrant and integrated communities where people can live, work, and play in one location. Mixed-use developments are particularly popular in urban areas where land availability is limited.

Local special circumstances: Qatar's hosting of the FIFA World Cup in 2022 has had a significant impact on the commercial real estate market. The government has invested heavily in infrastructure development, including the construction of stadiums, hotels, and transportation networks. This has created a demand for commercial real estate properties, particularly in the hospitality sector. Another special circumstance in Qatar is the country's vision to diversify its economy and reduce its reliance on oil and gas. As part of this vision, Qatar has been attracting foreign investments and encouraging the growth of various industries such as finance, technology, and tourism. This has created a demand for commercial spaces to accommodate the operations of these industries.

Underlying macroeconomic factors: Qatar's strong economic growth and stable political environment have played a significant role in the development of the commercial real estate market. The country's GDP has been growing steadily, driven by its natural gas reserves and investments in various sectors. This has created a favorable business environment and attracted both local and international investors. Additionally, Qatar's population is growing rapidly, which has increased the demand for commercial real estate properties. The government has implemented policies to attract skilled expatriates and provide them with attractive employment opportunities. This influx of people has created a need for commercial spaces to accommodate businesses and provide employment opportunities. In conclusion, the Commercial Real Estate market in Qatar is experiencing growth and development due to customer preferences for high-quality properties, the demand for office spaces, and the rise of mixed-use developments. The hosting of the FIFA World Cup and Qatar's vision to diversify its economy are also contributing to the market's growth. Furthermore, Qatar's strong economic growth, stable political environment, and growing population are underlying macroeconomic factors that are driving the development of the commercial real estate market.

Methodology

Data coverage:

Figures are based on value of commercial real estate.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.