Qatar Residential Real Estate Market Share, Size & Growth Report | 2031
Qatar Residential Real Estate Market Share, Size & Growth Report | 2031
Segments - Qatar Residential Real Estate Market by Category (Condominiums, Villas, and Other Types) and Key Cities (Doha, Al Wakrah, Al Rayyan and Umm Salal Muhammad) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CM-1740
| 4.4 Rating
| 69 Reviews
| 189 Pages
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Report Description
Qatar Residential Real Estate Market Outlook
The Qatar Residential Real Estate Market size was USD 4.28 Billion in 2022 and is likely to reach USD 7.38 Billion by 2031, expanding at a CAGR of 6.24% during 2023–2031.
The growth of the market is attributed to the influx of population and vast GDP growth, coupled with government policies and employment opportunities. The population in Qatar's was expected to cross 2.7 million by the end of 2019.
The primary market for residential units was expanded by Law No. 16 of 2018, which was executed in 2019. Initially, non-Qatari investors didn’t posses fixed holding rights; however, the law permits non-Qatari investors to purchase apartments in West Bay, Lusail, and Onaiza on a freehold title.
Residential supply is observing rapid expansion throughout the market, with the realization of new villa compounds and apartment buildings The Tourism Authority in Qatar raised the number of visitors on a Y-o-Y basis.
Rental drift in residential estate differ, on the grounds of units. Apartment supply is expected to be influenced by small units (one-bed units and studios). There has been an increase in the occupancy rates for well-located, prime compounds, owing to the demand for quality by tenants. The pipeline supply of compound villas is comparatively lower than that of apartments, if the demand rises further it may lead to rental expansion.
The contribution of real estate activities to the country's GDP during the first quarter of 2019 fell by 5.84% to QAR 9.68 billion, as compared to QAR 10.28 billion in the fourth quarter of 2018.
The COVID-19 pandemic had an unpleasant impact on the Residential real estate market in Qatar. The government barriers in tourism are the key factor impeding the market; however, the government’s steps and strategies have helped neutralize the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Qatar Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities
- The affordable and stabilized rates for rentals are estimated to drive the expansion of the residential real estate market.
- The massive investment for World Cup 2022 is projected to drive the market growth of the residential real estate market in Qatar.
- Rising population, urbanisation and employment opportunities are likely to spur the demand for residential real estate.
- The rapid growth in the range of malls, towers, communities, gated and luxury villas in the market are anticipated to propel the growth of residential real estate market during the forecast period.
- R&D investment and technological advancement in residential real estate market in Qatar are expected to offer lucrative opportunities for the market players.
Scope of Qatar Residential Real Estate Market Report
The report on the residential real estate market in Qatar includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Residential Real Estate Market - Qatar Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Category (Condominiums, Villas, and Other Types) |
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Key cities |
Doha, Al Wakrah, Al Rayyan and Umm Salal Muhammad |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players |
Al Mana Real Estate, United Development Company, Qatari Diar Real Estate Company, Ezdan Holding Group and Barwa Real Estate |
Qatar Residential Real Estate Market Segment insights
The villas segment is projected to constitute a large market share
Based on category, the residential real estate market in Qatar is segregated into condominiums, villas, and other types. The villas segment is expected to account for a key share of the market during the forecast period owing to stabilized rental rates and introduction of new and luxurious villas in the region.
Rental activities in The Lusail and Pearl-Qatar have grown significantly, leading to various developments in the area. The Pearl-Qatar area is projected to have a large supply of one-bedroom units, thereby, widening the gap between one-bedroom and larger bedroom units.
Doha is expected to dominate the market
In terms of cities, the market is broadly classified into Doha, Al Wakrah, Al Rayyan and Umm Salal Muhammad. Doha is anticipated to expand at a robust CAGR during the forecast period. Stabilized rents for villas and increase in the occupancy rates for prime, well-located compounds, due to the demand for quality by tenants are anticipated to boost the market growth over the coming years.
Segments
The Residential real estate market in Qatar has been segmented on the basis of:-
Category
- Condominiums
- Villas
- Other Types
Key Cities
- Doha
- Al Wakrah
- Al Rayyan
- Umm Salal Muhammad
Key Players
- Al Mana Real Estate
- United Development Company
- Qatari Diar Real Estate Company
- Ezdan Holding Group
- Barwa Real Estate
Competitive Landscape
Key players competing in the Residential real estate market in Qatar include Al Mana Real Estate, United Development Company, Qatari Diar Real Estate Company, Ezdan Holding Group and Barwa Real Estate.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
- For instances, In June 2019, towers 6 and 7 were developed in the Viva Bahriya district and towers 13 and 14 (Viva Bahriya) and tower 21 (Porto Arabia) were projected to launch in 2020. Furthermore, Abraj Quartier, five residential towers are likely to accomplish delivering more than 2,000 units in total. The residents are also attracted to Lusail’s Marina District, as it plans to open the first tower, which may, in turn, favor the growth of the market in the coming years.
In 2019, around 1,700 villas and apartments were added in Q2, bringing the total stock to 294,700 units by the end of the quarter. The supply of apartments encompasses 1,500 units from the delivered projects in The Lusail, Pearl, Fereej Bin Mahmoud, Fereej Abdul Aziz, Old Ghanim, Musheireb, and Al Dafna.
Frequently Asked Questions
Major companies include Al Mana Real Estate, United Development Company, Qatari Diar Real Estate Company, Ezdan Holding Group, and Barwa Real Estate.
Opportunities include affordable and stable rental rates, technological advancements, R&D investments, and the development of new malls, towers, and luxury communities.
Trends include rising demand for quality and well-located compounds, increased occupancy rates in prime areas, and a growing supply of apartments, especially one-bedroom and studio units.
The pandemic negatively impacted the market, mainly due to government restrictions on tourism, but subsequent government strategies and adoption of advanced technologies helped stabilize the sector.
Major cities include Doha, Al Wakrah, Al Rayyan, and Umm Salal Muhammad, with Doha expected to dominate the market due to high demand and robust growth.
The villas segment is expected to account for a significant share of the market due to stabilized rental rates and the introduction of new luxury villas.
Law No. 16 of 2018 allows non-Qatari investors to purchase apartments on a freehold basis in areas like West Bay, Lusail, and Onaiza, expanding investment opportunities for foreigners.
Key growth drivers include population influx, strong GDP growth, favorable government policies, increasing employment opportunities, and major investments such as those for the World Cup 2022.
The market is expected to grow at a compound annual growth rate (CAGR) of 6.24% during the forecast period 2023–2031.
The Qatar residential real estate market was valued at USD 4.28 billion in 2022 and is projected to reach USD 7.38 billion by 2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Real Estate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Residential Real Estate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Real Estate Market - Supply Chain
4.5. Global Residential Real Estate Market Forecast
4.5.1. Residential Real Estate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Real Estate Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Residential Real Estate Market Absolute $ Opportunity
5. Global Residential Real Estate Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Residential Real Estate Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Residential Real Estate Demand Share Forecast, 2019-2026
6. North America Residential Real Estate Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Residential Real Estate Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Residential Real Estate Demand Share Forecast, 2019-2026
7. Latin America Residential Real Estate Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Residential Real Estate Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Residential Real Estate Demand Share Forecast, 2019-2026
8. Europe Residential Real Estate Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Residential Real Estate Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Residential Real Estate Demand Share Forecast, 2019-2026
9. Asia Pacific Residential Real Estate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Residential Real Estate Demand Share Forecast, 2019-2026
10. Middle East & Africa Residential Real Estate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Residential Real Estate Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Residential Real Estate Market: Market Share Analysis
11.2. Residential Real Estate Distributors and Customers
11.3. Residential Real Estate Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Al Mana Real Estate
11.4.2. United Development Company
11.4.3. Qatari Diar Real Estate Company
11.4.4. Ezdan Holding Group
11.4.5. Barwa Real Estate
Methodology
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