Real Estate - Qatar | Statista Market Forecast

The Real Estate market market in Qatar is expected to reach a value of US$446.60bn by 2024.
The residential segment dominates this market with a projected market volume of US$237.80bn in the same year.
It is anticipated that the market will experience an annual growth rate (CAGR 2024-2029) of 1.96%, leading to a market volume of US$492.10bn by 2029.
When compared globally, United States is projected to generate the highest value in the Real Estate market market, amounting to US$132.0tn in 2024.
Qatar's real estate market is experiencing a surge in demand for luxury properties, fueled by foreign investment and the upcoming FIFA World Cup.

Definition:

The real estate market refers to the transaction of properties, including residential properties (such as houses and apartments) and commercial properties, such as office buildings and industrial properties. Apart from property sales, this market includes leases and the value of real estate.

Structure:

The real estate market comprises residential and commercial real estate. The residential real estate market covers real estate transactions and leases, and residential real estate leases are divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and real estate renters as well.

Residential real estate (houses and apartments)
Commercial real estate (office buildings, retail spaces, warehouses, industrial properties)

Real estate agencies
Construction companies
Accommodation services, such as Airbnb
Commercial real estate leases and transactions
Publicly owned buildings used by the local government
Buildings used for public health care services

The Real Estate market in Qatar has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Qatar have shown a strong preference for luxury properties, particularly in prime locations such as Doha. High-end residential properties with modern amenities and facilities are in high demand. Additionally, there is a growing interest in commercial properties, particularly office spaces, as Qatar continues to attract foreign investment and establish itself as a regional business hub.

Trends in the market: One of the key trends in the real estate market in Qatar is the increasing focus on sustainable and environmentally friendly properties. Developers are incorporating green building practices and technologies to meet the rising demand for eco-friendly homes and offices. This trend is driven by both customer preferences for sustainable living and the government's commitment to promoting sustainable development in line with its National Vision 2030. Another trend in the market is the growing popularity of mixed-use developments. These developments combine residential, commercial, and retail spaces in one location, creating vibrant communities where residents can live, work, and shop. Mixed-use developments offer convenience and a sense of community, which is appealing to both local and expatriate populations.

Local special circumstances: Qatar's real estate market is heavily influenced by the country's preparations for the FIFA World Cup 2022. The government has invested heavily in infrastructure development, including the construction of new stadiums, hotels, and transportation networks. This has led to increased demand for real estate, particularly in areas close to the World Cup venues. Another special circumstance is the government's efforts to diversify the economy and reduce reliance on oil and gas. Qatar has implemented various initiatives to attract foreign investment and promote sectors such as tourism, finance, and technology. These efforts have resulted in increased demand for commercial properties, as international companies set up offices in Qatar.

Underlying macroeconomic factors: Qatar's strong economic growth and stable political environment have contributed to the development of its real estate market. The country's high per capita income and favorable business climate have attracted both local and foreign investors. Additionally, the government's investment in infrastructure and diversification initiatives have stimulated economic activity and created new job opportunities, further driving demand for real estate. Furthermore, Qatar's growing population, fueled by an influx of expatriate workers, has increased the demand for housing and commercial spaces. The government has implemented policies to accommodate this population growth, including the construction of affordable housing and the expansion of commercial areas. In conclusion, the Real Estate market in Qatar is experiencing growth and development due to customer preferences for luxury and sustainable properties, trends towards mixed-use developments, special circumstances such as the FIFA World Cup 2022 preparations and government initiatives to diversify the economy, and underlying macroeconomic factors such as strong economic growth and population growth.

Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. 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 particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

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.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Real Estate - Qatar

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