Qatar’s real estate sector is projected to grow at a compound annual growth rate (CAGR) of around 1.96% from 2024 to 2029, with the market expected to reach a value of $446.60 billion by the end of this year, according to Statista, as reported by The Peninsula. The residential sector leads with an anticipated market volume of $237.80 billion for 2024.
Real estate experts forecast a surge in demand by 2025, expected to boost Qatar’s GDP. Analysts have noted rising rental rates in several prime locations, with significant increases in areas like West Bay and Lusail Marina, while rents in Fox Hills have seen declines recently.
Statista projects the market will grow to $492.10 billion by 2029. The current quarter may see “high-end rental prices,” driven by new projects, particularly in oil and gas.
FG Realty CEO Serban Spirea highlighted the trend of tenants transitioning to homeownership. Globally, the U.S. remains the largest market, estimated at $132 trillion by year-end. Analysts attribute the demand for luxury properties in Qatar to foreign investments and international events that attract tourists and business professionals.
