Research
Qatar's Real Estate Market
February 2023
Real estate
At a glance
Qatar’s real estate sector is driven by a number of factors, including high GDP growth and influx of population, accompanied by employment opportunities and favourable government policies that contribute to the growth of the real estate sector in the country. The potential of the market has been further expanded following the investment in construction projects worth $250bn and the Council of Ministers’ Decision No. (28) of 2020 on the conditions, controls, benefits, and procedures for ownership and use of real estate in the country. Through this decision, the Qatari government introduced new unprecedented property ownership reforms that provide non-Qataris the eligibility to own property and invest in the real estate sector for the first time. Residents investing a minimum of $1million in real estate are granted permanent residency, which provides benefits such as free health care, education/tuition, and the ability to investment in certain commercial activities. Residents investing a minimum of $200,000 are granted a 5-year renewable residency permit. Such government policies have been enacted in order to grow and strengthen Qatar's economic development and develop the real estate sector.
$45 billion
Lusail city investments
Lusail city's $45billion smart infrastructure and real estate development
$5.8 billion
Volume of Real Estate transactions
Total value of residential property transactions as of 2022
12 mn Sq. m.
Warehousing space
Total stock of warehousing space in Qatar
2nd
largest sector in attracting FDI
Foreign direct investment (FDI) in the real estate sector is ranked second after hydrocarbon in attracting investments
What's happening
Lusail City
Lusail City is a sustainable and comprehensively planned city signifying Qatar’s progress on a grand scale, which will encompass not only new residential, commercial, hospitality, and retail opportunities, but a full array of community needs. More than 200,000 residents will live in Lusail’s scenic surroundings, with 170,000 people expected to work in the city’s different districts, and 80,000 expected to visit its entertainment and recreation facilities. It is home to a total of 19 unique districts.
Downtown Msheireb
Msheireb is the world’s first sustainable downtown regeneration project, that has revived the old commercial district with a new architectural language that is modern, yet inspired by traditional Qatari heritage and architecture. Utilising the latest in sustainable technologies, Msheireb adheres to the highest standards in green building and has become a new social and civic hub in the city centre – a place where it is enjoyable to live, work, shop, visit, and spend time with family and friends.
The Pearl
The Pearl is one of the largest mixed-use developments in the Middle East. The man-made island sits on 4 million sqm of reclaimed land and is located 350 metres offshore of Doha’s prestigious West Bay district. The Pearl-Qatar is considered an iconic site that embodies smart and sustainable features, offers an eclectic mix of residences, retail, F&B and entertainment outlets and houses Doha’s fastest growing community.
Qetaifan Islands
Qetaifan Islands are located just off the coast and a short drive from Lusail City. The four offshore islands form an exclusive district and privacy haven for residents, with only two entry and access points – through Qetaifan Island North and through the Qetaifan Island South. Green spaces and leisure facilities on the islands stretch alongside a range of luxury boutiques, parks, high-end restaurants and cafés. The islands also feature a multitude of docks for boats and yachts.
The Residences at St. Regis Marsa Arabia Island
The Residences at St. Regis Marsa Arabia Island is an independently standing area with branded homes, luxury services and international outlets. It is surrounded by beautifully landscaped gardens and terraces, with beaches boasting 27 pool side cabanas and over 20 pools.
Gewan Island
Gewan Island, to be completed in 2023, is the up-and-coming amenity-laden new luxury island that raises the bar for lifestyle and innovation with diverse urban landscape and distinct real-estate mix. The development perfectly merges comprehensive living spaces, entertainment, and retail outlets.
Who is already here
Qatar real estate ecosystem
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