Qatar’s commercial real estate market is estimated to reach $18.07 billion (QR65.87 billion) in 2025, according to a report by Mordor Intelligence. The market is projected to grow at a compound annual growth rate (CAGR) of 7.56% over the forecast period, potentially reaching $26.01 billion by the end of the decade.
The anticipated growth aligns with Qatar’s ongoing infrastructure and construction initiatives, bolstered by state-of-the-art facilities and international events contributing to the nation’s rapidly expanding economy.
In recent years, Qatar has completed numerous significant projects, including luxury housing developments, hotel expansions, and hosting global events. However, apartment rental rates in areas such as Doha, West Bay, Msheireb, and Lusail saw a decline in the fourth quarter of 2024 compared to the same period in 2023, according to an official source.
Government and semi-government agencies have announced plans to relocate to Lusail’s iconic buildings, leading to increased office space vacancies in other areas. Experts note a growing preference among businesses for sustainable cities, with entities like the Qatar Financial Centre and the Qatar Free Zone Authority driving private sector demand for office spaces.
Despite office expansions, the sector has faced challenges, including deferred lease agreements and reduced sales activity. “Customers are deferring purchases across the sector, which could lead to significant revenue disruptions and lower demand,” the report stated.
Prominent players in Qatar’s commercial real estate market include Barwa Real Estate Company, Ezdan Holdings, United Development Company, and Mazaya Qatar. Industry leaders also highlight intensifying competition among online platforms and real estate firms in the country.
