Qatar Real Estate Market Investment Analysis & Outlook - What Could the Future Hold?
After 20 months amid the pandemic, how does Qatar's real estate market perform from an investment perspective?
To answer this relevant question, our local realty experts have summarised key facts and figures on Qatar’s real estate market and our professional perspectives to give you insight into investing in real estate in the sun-kissed Gulf nation.
Where do real estate prices stand?
Although prices continue to fluctuate in 2021, the first signs of price stabilisation show as the financial impacts of the pandemic subside.
In the third quarter of this year, the highest-value properties were sold in Al Messila, Doha at QR 258M and Umm Ghuwailina at QR 195M. At 9th and 10th place are Al Aziziyah at QR 71M and Rawdat Al Khail, Doha at QR 68M.
During this period, 267 property sales took place in the capital city of Doha at QR 2.8B - the highest total value of all municipalities, and 331 sales in Al Rayyan at QR 1.7B.
At the moment, many current homeowners opt to upscale and foreign investors to buy, while prices are below market average.
And as you can see, Doha and Al Rayyan are the favourite areas for buying. In particular, prices in Doha match a wide range of budgets.
The outlook for Qatar property investments and prices?
Investment deals rise in interest, thanks largely to up to 80% of Qatar's population recently becoming Covid-vaccinated—enhancing buyer confidence, and with the 2022 FIFA World Cup anticipated to welcome 1.7 million visitors and new expat workers.