Commercial Real Estate Market in Qatar - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Commercial Real Estate Market in Qatar is segmented by Type (Offices, Retail, Industrial, Logistics, Multi-family, and Hospitality) and Key Cities (Doha, Al Wakrah, and Al Rayyan).

Market Snapshot

Commercial Real Estate Market in Qatar Overview
Study Period: 2016 - 2026
Base Year: 2021
CAGR: 12.69 %
Commercial Real Estate Market in Qatar  Key Players

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Market Overview

  • Qatar's economy is one of the fastest-growing economies in the world. Some of the major factors driving the growth of commercial real estate in Qatar are increasing construction activities, GDP growth, and introduction of various policies by the government for boosting the real estate sector in the country. The majority of the construction activities happening in the country is for high-end residential towers, white-collar office spaces, luxury hotels, and shopping malls.
  • Events, such as 2022 FIFA World Cup, are estimated to draw nearly 1.5 million fans, which may increase the demand for hotel rooms in the country. This is expected to give a boost to the hospitality sector in the country, as Qatar currently has around 26,500 hotel rooms, and it is anticipated that the country may add additional 15,000 rooms by 2022.
  • The retail space growth also doubled in the last three years, and it is expected to grow by nearly 50% more by 2021, with many new malls that are scheduled to open in the upcoming years. Qatar is also witnessing a rising demand for infrastructure and logistics, and events, such as 2022 FIFA World Cup, are driving more demand for logistics and warehouses in the country.
  • Qatar government has also introduced foreign-ownership laws for various asset classes in the country, which has benefitted the real estate market. As per this new law, the asset classes, which include offices, shops, and residential villas, in a compound are legalized for freehold ownership.
  • There is a significant increase in the number of market players in Qatar, majorly driven by infrastructure development and construction activities happening in the country. The Qatari real estate market is also witnessing innovations and improvements, such as increased public-private partnerships by the government, which is driving more companies to enter the real estate market of the country.

Scope of the Report

This report aims to provide a detailed analysis of the Qatari commercial real estate market. It focuses on the market dynamics, technological trends, insights, and government initiatives taken in the commercial real estate sector. Additionally, it analyzes the key players present in the market and the competitive landscape in the Qatari commercial real estate market.

By Type
By Key Cities
Al Wakrah
Al Rayyan

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Key Market Trends

Growing Demand for Offices in Qatar

The country is also witnessing an increasing demand for office spaces. The gross leasable area (GLA) of Qatar’s office supply reached nearly 4.685 million sq m in the third quarter of 2019. Nearly eight new office projects were added in the second half of 2019 in Doha Jadeed, West Bay Lagoon, Mushiereb Downtown, Lusail, and Al Wakrah, which comprised of nearly 145,000 sq m GLA of office space.

The Qatar Free Zones Authority (QFZA) is also planning to create a new free zone in Musheireb Downtown by 2020, which is going to add up a further total space of nearly 193,000 sq m GLA to the current office stock. The country is also anticipated to witness increasing construction activity across the office spaces in upcoming years, with around 60% of the upcoming projects expected to be constructed in Lusail and the remaining projects would be located in other areas of Qatar.

Commercial Real Estate Market in Qatar Key Trends

Increasing Occupancy Rates Boosting the Hospitality Sector

Qatar witnessed a rising increase in tourist arrivals in 2019, with the total number of visitor arrivals standing at nearly 1.35 million until the second quarter of 2019. 

As of 2019, the average occupancy rate of hotels increased by nearly 5% annually, with two-star and one-star hotels attracting the highest number of guests. One-star and two-star hotels saw an increase of nearly 25% in 2019. These hotels witnessed the highest increase in occupancy rates, with their rates increased by nearly 76% during the January-August period in 2019, compared to 61% during the same period in 2018.

Three-star hotels also saw a significant rise in occupancy. The occupancy rate for such hotels increased to nearly 76% during January-August in 2019, as compared to 67% in the same period the previous year. The occupancy in four-star hotels also increased to nearly 66% till the third quarter of 2019 from 59% in the same period in 2018, while five-star hotels saw their occupancy rising to nearly 60% in 2019 from 55% in 2018.


Commercial Real Estate Market in Qatar Growth by Region

Competitive Landscape

The Qatari commercial real estate market is fragmented, with some of the major real estate players, such as Barwa Real Estate Company, Ezdan Holdings, United Development Company, Mazaya Qatar, and First Qatar, among others. In the Qatari real estate market, there is an increasing market competition among online portals and real estate companies. The online property market in Qatar has been dominated by a few real estate portals, such as property and The sales proportion of real estate properties through the online market has consistently grown, owing to rising internet penetration, growing demand, incline in personal disposable incomes, and surging middle-class youth population.



Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Current Economic Scenario and Consumer Sentiment

    2. 4.2 Commercial Real Estate Buying Trends - Socioeconomic and Demogpaphic Insights

    3. 4.3 Government Initiatives and Regulatory Aspects for the Commercial Real Estate Sector

    4. 4.4 Insights into Existing and Upcoming Projects

    5. 4.5 Insights into Interest Rate Regime for General Economy and Real Estate Lending

    6. 4.6 Insights into Rental Yields in the Commercial Real Estate Segment

    7. 4.7 Insights into Capital Market Penetration and REIT Presence in Commercial Real Estate

    8. 4.8 Insights into Public-Private Partnerships in Commercial Real Estate

    9. 4.9 Insights into Real Estate Tech and Startups Active in the Real Estate Segment (Broking, Social Media, Facility Management, and Property Management)

    10. 4.10 Drivers

    11. 4.11 Restraints

    12. 4.12 Opportunities

    13. 4.13 Challenges


    1. 5.1 By Type

      1. 5.1.1 Offices

      2. 5.1.2 Retail

      3. 5.1.3 Industrial

      4. 5.1.4 Logistics

      5. 5.1.5 Multi-family

      6. 5.1.6 Hospitality

    2. 5.2 By Key Cities

      1. 5.2.1 Doha

      2. 5.2.2 Al Wakrah

      3. 5.2.3 Al Rayyan


    1. 6.1 Market Concentration

    2. 6.2 Company Profiles

      1. 6.2.1 Developers

        1. Barwa Real Estate Company

        2. Ezdan Holdings

        3. United Development Company

        4. Mazaya Qatar

        5. First Qatar

      2. 6.2.2 Other Companies (Real Estate Agencies, Startups, Associations, etc.)

        1. Qatar Living

        2. Propertyfinder Qatar

        3. Mubaweb Qatar

        4. Al Adekhar Real Estate

        5. Al Asmakh Real Estate Development

        6. MD Properties

        7. Garvey Properties



    1. 8.1 Direct Investments

    2. 8.2 Indirect Investments


  10. 10. ABOUT US

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Frequently Asked Questions

The Qatar Commercial Real Estate Market market is studied from 2016 - 2026.

The Qatar Commercial Real Estate Market is growing at a CAGR of 12.69% over the next 5 years.

Barwa Real Estate Company, Ezdan Holdings, United Development Company, Mazaya Qatar, First Qatar are the major companies operating in Qatar Commercial Real Estate Market.

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