Qatar Real Estate

Supply in Qatar’s commercial real estate market is predicted to more than double in the coming years.

Demand for residential and retail real estate in Qatar remains strong, largely as a result of demand outstripping supply. However, over the longer term, new space – particularly in retail – is set to come onto the market and will likely soften prices.

While the overall direction of the real estate sector appears set for steady growth through the next 12 months, demand may be uneven across the various segments as the market moves towards striking a balance between supply and demand, particularly in office accommodation.

For Qatar’s real estate sector, 2012 is expected to be much the same as the preceding 12 months, with most forecasts projecting a year of steady progress, though there are concerns that oversupply in some segments could keep prices down in the short term as the flow of new developments more than matches current demand.

Like many of its neighbours in the Gulf, Qatar has seen the negative effects of the international economic downturn begin to fade over the past year. In the coming decade the local real estate market is expected to benefit from massive government infrastructure spending, a steadily expanding population and preparations for the 2022 World Cup.