Qatar Housing Real Estate Key Market Trends

September 26, 2023 3:24 pm


As of Q1 2021, the total housing stock was approximately 304,715 units with
the addition of 1,700 apartments and villas.

Apartment supply consisted of 1,650 units coming from project handovers
in Lusail (Fox Hills and Marina District), The Pearl, Al Dafna, Mirqab Al
Jadeed and Fereej Abdul Aziz.

Contracts of residential buildings were awarded during the quarter in Lusail
Waterfront, Marina and Fox Hills, estimated to add 450 units by the end of

6,300 units are currently in the pipeline for the remaining quarters of 2021.


The median transacted ticket size for residential houses was QAR 2.7
million, increased by 3.4% quarterly and 6.8% annually.

Transactional volumes for houses declined 3.3% quarterly but were 52.8%

higher when compared to the same period last year.

Amongst all areas, Umm Garn had the highest volume of transactions for
residential houses and Fereej Al Amir had the highest ticket size.

68 transactions were recorded for residential buildings, as Old Airport and

Umm Ghuwailina had the highest number of transactions.

During the first two months of 2021, the volume and value of transactions

in The Pearl and West Bay Lagoon fell 6.8% and 11.7% annually


The Average Sales price for the Apartments in The Pearl was QAR 16,000

per square meter.


The median monthly asking rent for residential units dropped 1.8% QoQ and
5.7% YoY.

Villa rents continue to reduce at a slower pace compared to
apartment rents in Qatar which have experienced rapid drops over the last year.

The median monthly asking rent for apartments was QAR 6,290, declining

1.9% quarterly and 6% annually. Three-bedroom apartments experienced

the highest quarterly falls in rent of up to 5.3%.

West Bay, Fereej Bin Mahmoud and Al Mansoura experienced the highest

quarterly drops in rents varying 3.5% to 5%.

The median monthly asking rent for villas was QAR 10,460, which fell by

1.2% QoQ and 3.9% YoY. 3-bedroom villas experienced the highest

quarterly drop in rents of up to 2.8%.

Villas in compounds in Al Aziziya and Ain Khaled experienced the highest

QoQ rental falls by an estimated 3.3%.

The Average monthly asking rent in The Pearl for One, Two & Three
Bedroom Apartments was QAR 7,750, QAR 12,000 & QAR 15,000



As of Q1 2021, the supply of office space was 5.5 million sq m Gross
Leasable Area (GLA). Moreover, 62% of the existing stock was of Grade-A

Seven office projects were added this quarter in Lusail, Ain Khaled (Salwa

Road), Fereej Abdul Aziz, Old Airport, Al Muntazah and Msheireb comprising

of 145,000 sq m GLA.

Upcoming projects till 2022, currently under development totalled 1.28

million sq m GLA, 62% of which is located in Lusail (Fox Hills, Energy City,

Commercial Boulevard and Marina District) and the remaining mixed

amongst Umm Ghuwailina, Al Hitmi and Al Dafna.


Categorised in: Luxury Real Estate