- Qatar’s commercial real estate market is projected to reach QR65.87 billion in 2025, with a 7.56% CAGR.
- Demand is driven by infrastructure development and relocations to sustainable cities like Lusail and West Bay.
- Key players like Barwa Real Estate and Ezdan Holdings face growing competition from online real estate platforms.
Qatar’s commercial real estate market is projected to achieve a valuation of $18.07 billion (QR65.87 billion) in 2025, according to a report by Mordor Intelligence. The market is expected to grow at a compound annual growth rate (CAGR) of 7.56% and reach $26.01 billion by 2030.
This growth is driven by Qatar’s focus on infrastructure development and hosting international events. Notable projects include luxury hotels, housing towers, and developments in sustainable cities like Lusail.
Market Trends and Shifts
The fourth quarter of 2024 saw a drop in apartment rents across key areas like West Bay, Msheireb, and Lusail, compared to 2023. Despite this, government and private entities are relocating to emerging cities like Lusail, driving demand for modern office spaces.
Organizations like the Qatar Financial Centre and Qatar Free Zone Authority are key players in promoting office space demand in the private sector. However, the market faces challenges like deferred purchases, minimal sales, and revenue disruptions.
Key Industry Players
Major contributors to the commercial real estate landscape include Barwa Real Estate Company, Ezdan Holdings, United Development Company, and Mazaya Qatar. Increased competition among real estate firms and online portals also shapes the industry.
While challenges persist, Qatar’s real estate market shows resilience, supported by strategic government initiatives and private investments. The sector’s growth underscores Qatar’s evolving role as a hub for business and innovation in the Middle East.
