Qatar Mortgage/Loan Brokers Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.27 Billion |
| Market Size (2029) | USD 1.78 Billion |
| CAGR (2024 - 2029) | 6.94 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Qatar Mortgage/Loan Brokers Market Analysis
The Qatar Mortgage/Loan Brokers Market size is estimated at USD 1.27 billion in 2024, and is expected to reach USD 1.78 billion by 2029, growing at a CAGR of 6.94% during the forecast period (2024-2029).
The Qatar’s mortgage loan broker market is a dynamic sector. Mortgage loan brokers in Japan have tremendous business opportunities, particularly in assisting first-time homebuyers and those looking to relocate or upgrade their residences.
The mortgage loan industry in Qatar is undergoing a digital transformation. Brokers increasingly leverage technology to streamline processes, enhance customer experiences, and offer online mortgage application platforms. Moreover, regulatory changes are influencing the mortgage market.
Initiatives by the government to encourage responsible lending and protect consumer interests have affected the way mortgage loan brokers operate. Staying compliant with evolving regulations is a critical aspect of their business. Factors such as digital transformation, diverse financing options, regulations changes, customized solutions, and refinancing opportunities support the market’s growth.
Qatar Mortgage/Loan Brokers Market Trends
Rising Homeownership Aspirations and Government Initiatives Drive Qatar's Mortgage Broker Market
The demand for homeownership in Qatar is surging, propelling the mortgage/loan brokers market. A key driver of this demand is Qatar's rapidly expanding population. With a robust economy and enticing job prospects, Qatar is attracting a growing number of residents, including expatriates and foreign investors. Owning a home is not just seen as an investment but also provides a sense of stability and security. Consequently, the appetite for property ownership has surged, bolstering the need for mortgage/loan brokers.
Moreover, Qatar's government has introduced several initiatives to boost homeownership. These measures encompass favorable mortgage terms, subsidies, and grants, all aimed at facilitating property purchases. The intricacies of the mortgage process further fuel the growth of Qatar's mortgage/loan brokers market. Securing a mortgage entails numerous steps, from assessing eligibility and comparing loan options to navigating legal and financial documentation and negotiating terms with lenders. Mortgage/loan brokers bring their expertise to the table, acting as intermediaries and streamlining the process for prospective homebuyers.
Demographics and GDP trend of Qatar affecting Mortgage/Loan Brokers Market
Qatar observed a continuous decline in population growth in the last decade, signifying a continuous decline in population density. As most of the banking facilities are available in a digital format, with constant growth in the number of internet users, the consumer can easily access loan facilities from banking facilities.
Whether private or Government, consumption levels have observed a decline in growth, and the combined effects of lower revenues and increased spending are changing the positive pre-COVID-19 trends in public finances. With a positive approach, GDP is expected to increase continuously after a continuous during pre-covid years, increasing the level of consumption and investment and creating a positive impact on the Loan and mortgage loan market.
Qatar Mortgage/Loan Brokers Industry Overview
The highest distribution of credit facilities in Qatar goes to public institutions, Personal, Services, Trade, Real estate and construction and Other Sectors. A mortgage is a loan used to purchase or maintain a home, land or another type. Almost 11.5% of the credit facility in Qatar goes for Real estate and construction. Among the major banks providing mortgage loans in Qatar includes Commercial Bank of Qatar, Qatar National Bank, Al Rayan, Qatar Islamic Bank, AL Khaliji Commercial Bank, Doha Bank, Qatar International Islamic Bank, Barwa Bank, Ahli Bank and HSBC Bank Middle East.
Qatar Mortgage/Loan Brokers Market Leaders
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Doha Bank
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Commercial Bank of Qatar
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Ahli Bank
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Al Rayan
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Qatar International Islamic Bank
*Disclaimer: Major Players sorted in no particular order
Qatar Mortgage/Loan Brokers Market News
- In February 2024, QNB, the leading financial institution has launched of its revolutionary digital onboarding service.
- In January 2024, the first digital bank in Qatar, Qatar Islamic Bank (QIB), has announced the opening of QIB Marketplace, a unique e-commerce platform that can only be accessed through its mobile banking app.
Qatar Mortgage/Loan Brokers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Surge in Qatar household Wealth
4.2.2 Increasing Penetration rate of brokerage services
4.3 Market Restraints
4.3.1 Competition from Western Banks and tightening of risk management rules.
4.3.2 Requirement of fresh Capital for financing
4.4 Market Opportunities
4.4.1 Fintechs Innovative products expanding the Market
4.4.2 The partnership between fintech and traditional Banks towards a more stable business
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Insights on various regulatory landscape
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type of Mortgage Loan
5.1.1 Conventional Mortgage Loan
5.1.2 Jumbo Loans
5.1.3 Government-insured Mortgage Loans
5.1.4 Other Types of Mortgage Loan
5.2 By Mortgage Loan terms
5.2.1 30- years Mortgage
5.2.2 20-year Mortgage
5.2.3 15-year Mortgage
5.2.4 Other Mortgage Loan Terms
5.3 By Interest Rate
5.3.1 Fixed-Rate
5.3.2 Adjustable-Rate
5.4 By Provider
5.4.1 Primary Mortgage Lender
5.4.2 Secondary Mortgage Lender
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Doha Bank
6.2.2 Commercial Bank
6.2.3 Al Rayan Bak
6.2.4 Al Khaliji Commercial Bank
6.2.5 Qatar International Islamic Bank
6.2.6 Ahli Bank
6.2.7 Qatar National Bank
6.2.8 Barwa Bank
6.2.9 Qatar Islamic Bank
6.2.10 HSBC Bank Middle East*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Qatar Mortgage/Loan Brokers Industry Segmentation
A loan broker acts as an intermediary between a financial institution that offers loans secured by real estate. Loan brokers act as intermediaries between clients and financial institutions and earn commissions or fees for their work.
Qatar mortgage/loan brokers market is segmented by type of mortgage loan, mortgage loan terms, interest rate, and provider. By type of mortgage loan, the market is sub-segmented into conventional mortgage loans, jumbo loans, government-insured mortgage loans, and other types of mortgage loans. By mortgage loan terms, the market is sub-segmented into 30-year mortgages, 20-year mortgages, 15-year mortgages, and other mortgage loan terms. By interest rate, the market is sub-segmented into fixed-rate mortgage loans and adjustable-rate mortgage loans. By provider, the market is sub-segmented into primary mortgage lenders and secondary mortgage lenders. The report offers market size and values in (USD) during the forecasted years for the above segments.
| By Type of Mortgage Loan | |
| Conventional Mortgage Loan | |
| Jumbo Loans | |
| Government-insured Mortgage Loans | |
| Other Types of Mortgage Loan |
| By Mortgage Loan terms | |
| 30- years Mortgage | |
| 20-year Mortgage | |
| 15-year Mortgage | |
| Other Mortgage Loan Terms |
| By Interest Rate | |
| Fixed-Rate | |
| Adjustable-Rate |
| By Provider | |
| Primary Mortgage Lender | |
| Secondary Mortgage Lender |
Qatar Mortgage/Loan Brokers Market Research Faqs
How big is the Qatar Mortgage/Loan Brokers Market?
The Qatar Mortgage/Loan Brokers Market size is expected to reach USD 1.27 billion in 2024 and grow at a CAGR of 6.94% to reach USD 1.78 billion by 2029.
What is the current Qatar Mortgage/Loan Brokers Market size?
In 2024, the Qatar Mortgage/Loan Brokers Market size is expected to reach USD 1.27 billion.
Who are the key players in Qatar Mortgage/Loan Brokers Market?
Doha Bank, Commercial Bank of Qatar, Ahli Bank, Al Rayan and Qatar International Islamic Bank are the major companies operating in the Qatar Mortgage/Loan Brokers Market.
What years does this Qatar Mortgage/Loan Brokers Market cover, and what was the market size in 2023?
In 2023, the Qatar Mortgage/Loan Brokers Market size was estimated at USD 1.18 billion. The report covers the Qatar Mortgage/Loan Brokers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Qatar Mortgage/Loan Brokers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Qatar Mortgage/Loan Brokers Industry Report
Statistics for the 2024 Qatar Mortgage/Loan Brokers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar Mortgage/Loan Brokers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
