Qatar Property Industry, Qatar Real Estate News, Rent Flats in Qatar - Ken Research
by Ashish Kumar Market ResearcherThe report titled “Qatar Real Estate Market Outlook 2021 – Economic Diversification and FIFA
World Cup 2022 to Support Infrastructure Development” provides a comprehensive
analysis of real estate market in Qatar. The report focuses on overall market
size for Qatar rental and sales real estate market, Doha rental real estate
market, Qatar online and broker market, segmentation on the basis of type of
market (sales and rental), sub-segmentation on the basis of sectors
(residential, commercial, retail and hotel) and by property type (Villas,
apartments, residential complex, towers and palaces etc). The report also
covers major players, role of brokers and REITs in Qatar real estate market,
trends and developments in both Qatar and Doha real estate market. The report
concludes with market projection for future and analyst recommendation
highlighting the major opportunities and cautions.
Qatar Real Estate
Market
Qatar real estate sector contributes a substantial share in
Qatar’s overall GDP with infrastructure projects accounting for highest
spending. The growth in Qatar real estate market has been driven by various
segments which majorly include residential, retail, hotel and commercial
sector. The real estate market has witnessed growth in the rental value at a
CAGR of ~% during 2011-2016. Qatar real estate market is expanding owing to
high immigrant population, economic diversification and infrastructure
development for preparation of FIFA World Cup 2022. The market grew from USD ~
billion in 2011 to USD ~ billion in 2016. In 2015, Qatar real estate market
witnessed a major setback due to fall in oil prices, decreasing sales of real
estate property in Qatar. Qatar real estate market witnessed a decline in
revenues from USD ~ billion in 2015 to USD ~ billion in 2016.
Qatar real estate sector is majorly dominated by sales
market. In the years 2014 and 2015, sales market accounted for almost twice the
value of rental market increasing the overall market value of Qatar Real
Estate. High property prices and luxury lifestyle of Qataris majorly drive
sales market. Sales of land for accommodation and property construction have
majorly escalated the market growth. Increasing property prices, growing
inbound tourism by ~ % and surge in infrastructure development for FIFA Cup
2022 have escalated the growth for Qatar Real Estate Market.
Qatar rental real
estate market:
It has been a very dynamic market, with market value increasing year-on-year at
a good pace. Qatar rental real estate has escalated from USD ~ billion in 2011
to USD ~ billion in 2016. Increasing population of the immigrants, Qatar
diversifying economy, increasing rental rates and high disposable income were
the key drivers for increase in rental real estate market value. The rental
real estate market incorporates residential, commercial, retail and hotel
sectors. The commercial real estate is dominated by hydro-carbon and banking
companies preferably accommodating in luxury office spaces. The increasing
focus on trade and tourism and luxury lifestyle of the people in Qatar has
boomed the retail and hospitality markets.
Qatar sales real
estate market:
Primary growth drivers are increasing property prices, demand of land for
construction of new projects, interest rates and population are major drivers
of sales in real estate market. In 2015, market grew to USD ~ billion from USD
~ billion in 2014 at a growth rate of ~% but market witnessed a decline of ~ %
in 2016 to USD ~ billion owing to falling oil prices, rising credit rates and
high property prices. Sales of vacant land dominated the sales real estate
market by property type owing to high demand of land for infrastructure
development and construction purpose. Doha, Al Wakra, Al Rayyan contributed to more than 75% of the
total sales value in Qatar sales real estate by region in 2016.
Doha Real Estate
Rental Market
Doha is the capital city and the leading real estate market
of Qatar. It is the residential, commercial, retail and hospitality hub of the
country, and attracts large number of people. Moreover, the city of Doha is
home to a large number of foreign corporations. Immense business and employment
opportunities in the city have attracted large number of migrants from other
countries. With the upcoming major events in Qatar, the aim of the government
is to make Doha the main tourist attraction of the country which has led to increase
in supply in all the sectors in the market. Over the years, the rental real
estate has grown at CAGR of ~ % and the rental value has almost doubled in past
six years. The overall rental market has inclined during the period 2011-2016
from USD ~ billion to USD ~ billion in 2016.
Doha is a business destination and corporates alone accounted
for more than 60.0% of the total hotel room demand. Majority of luxury hotel
supply has been in West Bay due to high concentration of corporates aiding
people travelling for business purpose.
Competitive Landscape
Qatar real estate market competition is majorly among online
portals and real estate companies. The online property market in Qatar has been
dominated by a few real estate portals such as onlineqatar.com,
porpertyfinder.qa, qatar.dubizzle.com, apollopropertiesonline.com, mubaweb.com.
The sales proportion of real estate properties through online market has
consistently grown, owing to rising internet penetration, growing demand,
incline in personal disposable incomes, surging middle class youth population
and opportunities by government infrastructure investments.
Major real estate players in Qatar real estate market are
Barwa Real Estate Company, Ezdan Holdings, United Development Company, Mazaya
Qatar, First Qatar and others. In 2015, Ezdan Holding dominated the market in
terms of market value.
Future Outlook to
Qatar Real Estate Market
The future prospects for Qatar real estate market have been
projected to be robust during the upcoming years 2017-2021. The projections for
the future suggested that the sales market for real estate is envisaged to
showcase a tremendous performance, by growing at a CAGR of ~ % during the
period 2016-2021 and the market is estimated to reach net worth of USD ~
billion in 2021. This growth in the market value would be the result of Qatar’s
diversified economy, increasing tourism and FIFA World Cup 2022. Qatar is under
construction of some major projects such as Lusail city, Msheireb Downtown Doha
and other townships which comprise of huge retail, commercial, residential and
hospitality spaces. These townships are expected to be ready by 2020, catering
to huge population of Qatar.
Key Topics Covered in
the Report:
Introduction to Qatar Real Estate Market
Rent Flats in Qatar
Qatar real estate market size, 2014-2016
Commercial Office Market in Qatar
Qatar real estate market segmentation by region, type,
ownership.
Trends in Real Estate Market in Qatar
Introduction to Qatar rental real estate market
Qatar Property Industry
Qatar Real Estate Sector Investment Analysis
Qatar rental real estate market size by value, 2011-2016
Rent Property in Qatar
Qatar rental real estate market segmentation by sectors
Qatar Real Estate News
Introduction to Qatar sales real estate market
Qatar sales real estate market size by value, 2014-2016
Doha Real Estate Market
Qatar sales real estate market segmentation by property type
and regions
Doha real estate market
Real Estate inventory Qatar
Doha real estate market size by value, 2011-2016
Gross Leasable Area in Qatar
Qatar Real Estate Market 2017
Qatar online and broker market
Property Market Overview Qatar
Offices Real Estate Analysis Qatar
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