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Study Period | 2020 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 18.07 Billion |
Market Size (2030) | USD 26.01 Billion |
CAGR (2025 - 2030) | 7.56 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Qatar Commercial Real Estate Market Analysis
The Qatar Commercial Real Estate Market size is estimated at USD 18.07 billion in 2025, and is expected to reach USD 26.01 billion by 2030, at a CAGR of 7.56% during the forecast period (2025-2030).
Qatar's commercial real estate landscape is undergoing significant transformation driven by robust infrastructure development and progressive policy reforms. The government's introduction of foreign-ownership laws has opened up various asset classes for international investment, including offices, shops, and residential villas for freehold ownership. This liberalization has coincided with substantial infrastructure development, particularly in emerging districts like Lusail City, where real estate prices have shown remarkable appreciation through 2023. The development pipeline remains strong, with multiple high-end residential towers, office spaces, and luxury hotels under construction to support Qatar's position as a regional business hub.
The hospitality real estate sector has emerged as a particularly dynamic segment following Qatar's successful hosting of the 2022 FIFA World Cup, which attracted approximately 1.5 million visitors. The country currently maintains an inventory of 26,500 hotel rooms and has announced plans to add 15,000 more rooms in the coming years. This expansion is complemented by the development of supporting infrastructure, including the expansion of Hamad International Airport, which is set to increase its annual passenger capacity to 58 million before year-end and more than 60 million post-2022, demonstrating Qatar's commitment to long-term tourism and business travel growth.
The retail real estate sector has demonstrated remarkable resilience and growth, with total retail space doubling over the past three years and projections indicating an additional 50% expansion through new mall developments. Premium retail locations in West Bay command rents between QAR 70 and QAR 130 per square meter per month, reflecting the strong demand for prime commercial property spaces. The retail landscape is evolving with a focus on creating destination and entertainment-focused developments, supported by Qatar's upcoming hosting of major events including the Formula 1 races (starting 2023), FINA World Championships (2023), and the Asian Games (2030).
The industrial and logistics segment has witnessed substantial development, particularly in strategic locations like Umm Salal and the New Industrial Area. Warehouse rental rates have shown stability, with temperature-controlled facilities in prime locations commanding premium rates. The Qatar Development Bank's launch of the Jalsa project has been instrumental in driving demand for manufacturing space, particularly among small and medium-sized enterprises. The project operates 11 facilities offering up to 5,000 square meters of production space and 600 square meters of office space, demonstrating the government's commitment to diversifying the commercial real estate sector beyond traditional office and retail spaces.
Qatar Commercial Real Estate Market Trends
Rising Office Demand in Qatar
The Qatar commercial real estate market is experiencing robust growth driven by increasing office real estate demand, particularly from the private sector and government agencies. The Qatar Financial Centre (QFC) has emerged as a major demand driver, currently housing over 1,400 registered companies across 60 designated buildings throughout Doha, with expectations of continued growth in the coming years. This institutional expansion is further evidenced by recent large-scale transactions, including a significant office acquisition exceeding 7,000 square meters and two additional lettings surpassing 3,000 square meters each, primarily driven by expansion in the hydrocarbon sector.
The Qatar Free Zone Authority (QFZA) has become another crucial catalyst for office real estate demand, with more than 300 registered companies requiring premium commercial spaces. The growing demand has led to QFZA-designated office accommodation expanding beyond Ras Bufontas, as existing facilities reach capacity. Additionally, organizations are showing increasing preference for newer developments, as demonstrated by the trend of office occupiers relocating to Lusail, including several government and semi-government agencies announcing their intention to move to under-construction buildings in downtown Lusail.
Infrastructure Development and Government Initiatives
Qatar's ambitious infrastructure development programs and supportive government policies are significantly driving the commercial real estate market forward. The development of Lusail City, spanning 38 square kilometers and designed to accommodate 450,000 inhabitants, workers, and regular visitors, represents a major driver for commercial property investment growth. The city's master-planned approach, combined with modern infrastructure including the Red Line of the Doha Metro and Lusail Tram, has created a highly attractive destination for commercial property investment and development.
The government's strategic initiatives, particularly the expansion of "Freehold Zones" under Law No. 16 of 2018, have created new opportunities in the commercial real estate sector by allowing non-Qataris to own property in specific districts. This has been complemented by the development of premium commercial spaces, such as the Place Vendome mall and the 1.5 million square foot Qatari Diar Island North development. The government's commitment to infrastructure development is further demonstrated through projects like the Hamad International Airport expansion, which is set to increase annual passenger capacity to 58 million before year-end and more than 60 million post-2022, driving demand for commercial facilities in surrounding areas.
Tourism and Hospitality Sector Growth
The robust growth in Qatar's tourism sector is creating substantial opportunities in the commercial real estate market, particularly in retail and hospitality segments. The sector's significance is highlighted by the World Travel and Tourism Council's report showing that travel and tourism contributed QAR 67 billion to the nation's GDP in 2021, representing 10.3% of the total GDP. This growth is supported by strategic developments in tourism infrastructure, including the expansion of hospitality offerings and retail spaces designed to cater to both leisure and business travelers.
The market is further strengthened by Qatar's growing position as a major events destination, with the country securing long-term agreements for hosting international events. These include a 10-year deal for Formula 1 starting in 2023, the FINA World Championships in 2023, and the Asian Games in 2030. This robust events calendar is driving sustained demand for commercial assets, particularly in retail and hospitality segments. The development of new retail and entertainment destinations, coupled with the expansion of existing facilities, is creating additional opportunities for commercial building investment and development, particularly in prime locations such as West Bay, Lusail, and The Pearl Qatar.
Segment Analysis: By Type
Multi-family Segment in Qatar Commercial Real Estate Market
The multifamily real estate segment continues to dominate Qatar's commercial real estate market, holding approximately 38% market share in 2024. This segment's strong performance is driven by increasing rental demand across major cities like Doha and Al Wakrah, particularly in premium locations such as West Bay and Lusail City. The segment has benefited from various government initiatives supporting real estate investment, including regulations allowing foreign ownership in specific zones and the provision of permanent residency benefits for property investors. Additionally, the development of new urban centers and infrastructure improvements has created attractive opportunities for multifamily real estate investments, with projects offering modern amenities and strategic locations near business districts and transportation hubs.
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Retail Segment in Qatar Commercial Real Estate Market
The retail real estate segment is experiencing robust growth in Qatar's commercial real estate market, driven by increasing consumer confidence and the expansion of retail infrastructure. The segment's growth is supported by the development of new shopping centers, community malls, and entertainment-focused retail developments across the country. Major retail real estate projects like Place Vendome and the ongoing expansion of existing malls are creating new opportunities for retailers and investors. The segment's growth is further bolstered by Qatar's positioning as a regional tourism and entertainment hub, with upcoming major events and the government's focus on developing destination retail experiences contributing to its expansion potential through 2029.
Remaining Segments in Qatar Commercial Real Estate Market
The office, industrial real estate & logistics real estate, and other segments play vital roles in Qatar's commercial real estate market. The office segment is witnessing transformation with the emergence of new business districts in Lusail and West Bay, offering modern workspace solutions. The industrial real estate & logistics real estate segment is benefiting from Qatar's strategic location and investments in infrastructure, particularly around ports and free zones. The 'others' category includes specialized commercial property such as healthcare facilities and educational institutions, which contribute to the market's diversity and provide stable long-term investment opportunities.
Qatar Commercial Real Estate Industry Overview
Top Companies in Qatar Commercial Real Estate Market
The Qatar commercial real estate market features prominent players, including Barwa Real Estate Company, Ezdan Holdings, United Development Company, Msheireb Qatar, and First Qatar, leading the industry. Companies are increasingly focusing on technological integration through property technology (PropTech) solutions, incorporating artificial intelligence and virtual reality to enhance property viewing experiences and operational efficiency. Market leaders are emphasizing sustainable development practices while expanding their portfolios through strategic land acquisitions and mixed-use development projects. The sector is witnessing a shift toward customer-centric approaches with enhanced commercial real estate services and flexible leasing options. Companies are also leveraging the FIFA World Cup infrastructure developments to strengthen their market positions and exploring opportunities in emerging areas like Lusail City and West Bay.
Fragmented Market with Growing Online Presence
The Qatar commercial real estate market exhibits a fragmented structure with a mix of well-established local developers and international property management firms competing for market share. The market is characterized by increasing competition among online property portals, with platforms like propertyfinder.qa and mubawab.com emerging as dominant players in the digital space. Traditional real estate companies are adapting to changing market dynamics by incorporating digital solutions and expanding their service offerings beyond conventional property development and management.
The market is experiencing a transformation with the rise of hybrid working models influencing property development strategies and portfolio management approaches. Real estate companies are increasingly focusing on developing flexible spaces and incorporating modern amenities to meet evolving tenant demands. The sector is witnessing growing participation from commercial real estate technology startups, particularly in areas such as commercial property management, facility maintenance, and digital marketing services, contributing to market fragmentation while driving innovation and service quality improvements.
Innovation and Adaptability Drive Future Success
Success in Qatar's commercial real estate market increasingly depends on companies' ability to adapt to changing market conditions and embrace technological innovation. Market players are focusing on developing distinctive value propositions through enhanced commercial real estate services, sustainable building practices, and integration of smart building technologies. Companies are also strengthening their positions by forming strategic partnerships with technology providers and expanding their service offerings to include comprehensive property lifecycle management solutions.
Future market leadership will require companies to demonstrate strong operational capabilities while maintaining flexibility in their business models. Successful players will need to balance traditional real estate expertise with digital transformation initiatives, while carefully managing relationships with key stakeholders, including government entities and major corporate tenants. The ability to anticipate and respond to regulatory changes, particularly those related to foreign investment and property ownership, will be crucial for maintaining a competitive advantage. Companies must also focus on developing resilient business models that can withstand market fluctuations while capitalizing on emerging opportunities in areas such as sustainable development and smart city initiatives.
Qatar Commercial Real Estate Market Leaders
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Barwa Real Estate Company
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Ezdan Holdings
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United Development Company
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Mazaya Qatar
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First Qatar
- *Disclaimer: Major Players sorted in no particular order
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Qatar Commercial Real Estate Market News
- June 2022: United Development Company (UDC), the master developer of The Pearl and Gewan Islands, and Corinthia Group, a first-class hospitality management company that will operate Corinthia Yacht Club at The Pearl Island and Corinthia Hotel at Gewan Island, signed a strategic collaboration agreement with Monaco Marina Management (M3) and the Yacht Club de Monaco to develop yachting at The Pearl Island and potentially Qatar.
- February 2022: Ezdan Real Estate Company, the primary real estate developer, unveiled an integrated multi-tiered plan for the comprehensive development of approximately 17 villages and compounds in 2022, including residential villages in Al Wakra and Al Wukair and residential buildings in Doha, entailing construction works, as part of its strategy to continuously improve and develop its services.
- January 2022: Barwa Real Estate Company announced its intention to sell its shares in Al Imtiaz Investment Group Company K.S.C., a Kuwaiti public joint stock company. The total number of these shares is (276,631,657), accounting for 24.40% of the company's issued shares. The sale will take place by the regulatory procedures issued by the Kuwaiti Capital Markets Authority and the regulations set by the Kuwait Stock Exchange.
Qatar Commercial Real Estate Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Current Economic Scenario and Consumer Sentiment
- 4.2 Commercial Real Estate Buying Trends - Socioeconomic and Demographic Insights
- 4.3 Government Initiatives and Regulatory Aspects for the Commercial Real Estate Sector
- 4.4 Insights into Existing and Upcoming Projects
- 4.5 Insights into Interest Rate Regime for General Economy and Real Estate Lending
- 4.6 Insights into Rental Yields in the Commercial Real Estate Segment
- 4.7 Insights into Capital Market Penetration and REIT Presence in Commercial Real Estate
- 4.8 Insights into Public-private Partnerships in Commercial Real Estate
- 4.9 Insights into Real Estate Tech and Startups Active in the Real Estate Segment (Broking, Social Media, Facility Management, and Property Management)
- 4.10 Impact of COVID-19 on the Market
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4.11 Market Dynamics
- 4.11.1 Drivers
- 4.11.2 Restraints
- 4.11.3 Opportunities
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4.12 Industry Attractiveness - Porter's Five Forces Analysis
- 4.12.1 Bargaining Power of Suppliers
- 4.12.2 Bargaining Power Of consumers/ Buyers
- 4.12.3 Threat of New Entrants
- 4.12.4 Threat of Substitute Products
- 4.12.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Offices
- 5.1.2 Retail
- 5.1.3 Industrial & Logistics
- 5.1.4 Multi-family
- 5.1.5 Other Types (such as Hospitality)
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5.2 By Key Cities
- 5.2.1 Doha
- 5.2.2 Al Wakrah
- 5.2.3 Al Rayyan
- 5.2.4 Rest of Qatar
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration
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6.2 Company Profiles
- 6.2.1 Developers
- 6.2.1.1 Barwa Real Estate Company
- 6.2.1.2 Ezdan Holdings
- 6.2.1.3 United Development Company
- 6.2.1.4 Mazaya Qatar
- 6.2.1.5 First Qatar
- 6.2.1.6 Qatar Living
- 6.2.1.7 Propertyfinder Qatar
- 6.2.1.8 Mubaweb Qatar
- 6.2.1.9 Al Adekhar Real Estate
- 6.2.1.10 Al Asmakh Real Estate Development
- 6.2.1.11 MD Properties
- 6.2.1.12 Garvey Properties*
- 6.2.2 Other Market Players (Overview, Business Segments etc.)
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. APPENDIX
Qatar Commercial Real Estate Industry Segmentation
Qatar commercial real estate market report aims to provide a detailed analysis of the Qatari commercial real estate market. It focuses on the market dynamics, technological trends, insights, government initiatives taken in the commercial real estate sector, and the impact of COVID-19 on the market. The report also analyzes the key players present in the market and the competitive landscape in the Qatari commercial real estate market.
The commercial real estate market in Qatar is segmented by type (offices, retail, industrial & logistics, multi-family, and others (such as hospitality)) and key cities (Doha, Al Wakrah, Al Rayyan, and Rest of Qatar). The report offers the market sizes and forecasts for the Qatar Commercial Real Estate Market in value (USD) for all the above segments.
By Type | Offices |
Retail | |
Industrial & Logistics | |
Multi-family | |
Other Types (such as Hospitality) | |
By Key Cities | Doha |
Al Wakrah | |
Al Rayyan | |
Rest of Qatar |
Qatar Commercial Real Estate Market Research FAQs
How big is the Qatar Commercial Real Estate Market?
The Qatar Commercial Real Estate Market size is expected to reach USD 18.07 billion in 2025 and grow at a CAGR of 7.56% to reach USD 26.01 billion by 2030.
What is the current Qatar Commercial Real Estate Market size?
In 2025, the Qatar Commercial Real Estate Market size is expected to reach USD 18.07 billion.
Who are the key players in Qatar Commercial Real Estate Market?
Barwa Real Estate Company, Ezdan Holdings, United Development Company, Mazaya Qatar and First Qatar are the major companies operating in the Qatar Commercial Real Estate Market.
What years does this Qatar Commercial Real Estate Market cover, and what was the market size in 2024?
In 2024, the Qatar Commercial Real Estate Market size was estimated at USD 16.70 billion. The report covers the Qatar Commercial Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Qatar Commercial Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Qatar Commercial Real Estate Market Research
Mordor Intelligence provides a comprehensive analysis of Qatar's commercial real estate sector. We leverage our extensive expertise in CRE research and consulting. This detailed report covers all aspects of commercial property. It includes segments such as industrial real estate, retail real estate, office real estate, and emerging areas like logistics real estate and healthcare real estate. The analysis addresses key areas including commercial leasing, commercial construction, and commercial property management. It offers stakeholders crucial insights into commercial property development trends and opportunities.
The report is available as a PDF for easy download, providing valuable insights for investors interested in commercial property investment and commercial asset management. Our analysis spans various segments, including multifamily real estate, hospitality real estate, and warehouse real estate. It examines crucial aspects of commercial mortgage financing and commercial rental markets. The report also explores innovations in commercial real estate technology and their impact on commercial real estate services. This makes it an essential tool for corporate real estate professionals, commercial REIT managers, and stakeholders involved in commercial facility operations and commercial land development.