Qatar Real Estate Market Research to 2021: Ken Research Qatar Real Estate Market Segmentation by Sectors The real estate market incorporates residential, commercial, retail and hotel sectors. Residential rental real estate sector has performed exceptionally well in response to increasing demand for homes due to increasing population of immigrants. The residential rental market grew from USD ~ billion in 2011 to USD ~ billion in 2016. The commercial rental real estate grew from USD ~ billion in 2011 to USD ~ billion in 2016 owing to luxury office spaces and economic diversification. Retail real estate sector grew at a CAGR of ~% during 2011-2016, owing to increase in the number of visitors to shopping centers and malls, rising urban population and high disposable income. Hotel real estate market showcased a rapid surge in the market value at a CAGR of ~% during 2011-2016. Major revenue of hotel real estate market was generated by substantial increase in the number of foreign tourists which surged the demand for hotel rooms. Trends and Developments in Qatar Real Estate Market Property prices in Qatar have witnessed a hike since 2011 and with the increasing construction demand in the country and prices are expected to rise further in future. Foreigners are allowed to buy property only in 3 major areas namely - The Pearl, West Bay Lagoon and Barwa-Al Khor City. Immigrant population of Qatar accounts to over ~ % of the total population of the country. Restrictions on purchasing property by expatriate have made it difficult for non-Qataris to buy property in Qatar. Major downturn in oil and gas industry has led to huge losses for the companies making difficult for them to afford expensive office spaces. It has become common for the companies to provide rental allowances to its employees rather than employee accommodation. This has resulted in fall in demand of the apartments and compounds. Doha Real Estate Rental Market Segmentation The residential real estate market is supported by economic growth and influence of increasing foreign population. Increasing number of job opportunities in non-hydrocarbon sectors resulted in rise in the number of foreigners in the country. The residential real estate market value grew from USD ~ billion in 2011 to USD ~ billion in 2016. Commercial rental market was supported by the economic conditions of the country, diversifying economy and large number of oil-gas companies in Doha. The market value inclined from USD ~ billion in 2011 to USD ~ billion in 2016.
Qatar Real Estate Guide, Retail Supply Area Doha - Ken Research
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.