With the compound annual growth rate (CAGR) predicted to reach 1.96 percent in the upcoming years, the real estate industry remains the main engine of Qatar’s economy.
By the end of the year, the market is expected to be worth $446.60 billion, according to a Statista report.
With an estimated market volume of $237.80 billion in the same year, the residential and housing sector is dominated by the market.
According to a number of real estate analysts, demand will soar in 2025, further propelling GDP growth.
Analysts have pointed out that in a number of desirable areas, rental prices rose during the previous quarter.
Hapondo, one of the research platforms in Qatar, recently reported that while The Pearl Qatar remained stable, the average rent for a one-bedroom apartment listed in the important and developing residential areas like West Bay and Lusail Marina increased dramatically. The months of July and August saw a decline in Fox Hills rents.
Statista emphasizes that a market volume of $492.10 billion will be achieved with a compound annual growth rate (CAGR) of 1.96 percent from this year until 2029.
An official source told The Peninsula that the current quarter will result in “high-end rental prices” as the demand upsurges due to numerous projects, particularly in the fields of oil and gas.
The demand is strong because many tenants are becoming homeowners, according to Serban Spirea, CEO of FG Realty.
But when viewed from a global analytical perspective, the US remains the market leader with the highest value, with projections indicating that it will reach $132 trillion by the end of this year.
According to market analysts, Qatar’s real estate market is experiencing a thriving demand for luxury properties because of foreign investment and the country’s hosting of several international events, which draw tourists and entrepreneurs looking to take advantage of wide-ranging opportunities.
