Residential Real Estate - Qatar | Statista Market Forecast

The Residential Real Estate market market in Qatar is anticipated to achieve a value of QAR US$237.80bn by the year 2024.
This projection indicates an annual growth rate (CAGR 2024-2029) of 3.22%, leading to a market volume of QAR US$278.60bn by 2029.
In terms of global comparison, China is expected to generate the highest value in the Real Estate sector, reaching an impressive QAR US$112.9tn by 2024.
The residential real estate market in Qatar is experiencing a surge in demand due to increased foreign investment and government initiatives promoting homeownership.

Definition:

The residential real estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties.

Structure:

The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is 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 for real estate renters as well.

Residential real estate transactions
Residential real estate leases

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

Customer preferences: Qatar has seen a shift in customer preferences towards modern and luxurious residential properties. The demand for high-end apartments and villas has been on the rise, as customers are increasingly seeking properties that offer state-of-the-art amenities and facilities. Additionally, there has been a growing interest in properties that are located in prime locations, such as waterfront or city center areas.

Trends in the market: One of the key trends in the residential real estate market in Qatar is the development of integrated communities. These communities offer a range of amenities and services within a single location, including schools, shopping centers, and recreational facilities. This trend is driven by the desire for convenience and a holistic lifestyle, as residents can access everything they need without having to travel far. Another trend in the market is the focus on sustainability and energy efficiency. Developers are increasingly incorporating green building practices and technologies into their residential projects. This is in line with Qatar's commitment to sustainable development and reducing its carbon footprint. Customers are also becoming more conscious of the environmental impact of their homes and are willing to pay a premium for properties that are environmentally friendly.

Local special circumstances: Qatar's residential real estate market is also influenced by its unique cultural and social factors. The country has a high expatriate population, with many foreigners working and living in Qatar. This has created a demand for residential properties that cater to the needs and preferences of expatriates. Developers have responded to this demand by constructing residential projects that offer a diverse range of housing options, from affordable apartments to luxury villas.

Underlying macroeconomic factors: The growth and development of the residential real estate market in Qatar can be attributed to several underlying macroeconomic factors. Qatar has a strong and stable economy, driven by its vast reserves of natural gas. This has attracted foreign investors and expatriate workers, resulting in a growing population and increased demand for housing. Additionally, the government has implemented policies and initiatives to promote the real estate sector, such as the provision of affordable housing and the relaxation of foreign ownership restrictions. These factors have contributed to the overall growth and development of the residential real estate market in Qatar.

Data coverage:

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

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, 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:

Data is modeled using current exchange rates. 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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Residential Real Estate - Qatar

Value

Volume

Analyst Opinion

Transaction Value

Revenue

Household Type

Living Space

Methodology

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