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Qatar Residential Construction Market Size (2024 - 2029)

The Qatar Residential Construction Market is experiencing significant growth, driven by factors such as high GDP and population growth, alongside governmental initiatives and regulations. Despite setbacks from the COVID-19 pandemic, the market's expansion is supported by Qatar's ambitious infrastructure projects and events like the Asian Games and FIFA World Cup. The demand for luxury housing is bolstered by the high net worth of residents, while legal reforms aim to protect residential investment interests. This dynamic environment is expected to sustain the market's upward trajectory in the coming years.

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Market Size of Qatar Residential Construction Industry

Qatar Residential Construction Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 12.39 Billion
Market Size (2029) USD 21.32 Billion
CAGR (2024 - 2029) 11.45 %
Market Concentration Medium

Major Players

Qatar Residential Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

Qatar Residential Construction Market Analysis

The Qatar Residential Construction Market size is estimated at USD 12.39 billion in 2024, and is expected to reach USD 21.32 billion by 2029, growing at a CAGR of 11.45% during the forecast period (2024-2029).

  • COVID-19 negatively impacted the Qatari residential construction market. Many residential projects were delayed or canceled due to COVID-19.
  • One of the most prosperous economies in the Middle East is Qatar. High GDP growth, population growth, job opportunities, and governmental regulations are all driving the country's residential construction market forward.
  • Qatar is working on a wide range of infrastructure and industrial projects because it wants to host the Asian Games in 2030, is committed to its National Vision 2030, and has promised to host the 2022 FIFA World Cup. The current Emir, who has been in charge since July 2013, is putting the Second National Development Strategy into action to help the country's people.
  • The high net worth of the average Qatari citizen and expat has a big effect on the building industry and makes more people want to live in luxurious, well-planned neighborhoods.
  • In the medium- to long-term, it is expected that the rate of population growth will lead to more demand because there will always be more foreign workers than there are jobs. In response to the increased building activity in the industry, the Qatari government has recently made a number of changes to the law that are meant to protect the interests of people who invest in residential buildings.
  • The housing project's construction was on schedule to be complete by the end of 2022. The project will also have 49 separate villas that can be bought as investments. Each villa has two floors, a basement, a penthouse, a private pool, and parking spots.

Qatar Residential Construction Industry Segmentation

Residential construction is the installation, maintenance, and repair of buildings and other stationary structures. Construction encompasses the processes involved in constructing buildings and infrastructure, as well as related operations, from start to finish.

A complete assessment of the Qatar Residential Construction Market includes an assessment of the economy and the contribution of sectors to the economy, a market overview, market size estimation for key segments, and emerging trends in the market segments. The report sheds light on market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Qatar residential construction market is depicted through the profiles of active key players. The report also covers the impact of COVID-19 on the market and future projections.

Qatar's residential construction market is segmented by type (apartments and condominiums, villas, and other types) and by construction type (new construction and renovation). The report offers market size and forecasts for the Global Container Terminal Operations Market in value (USD billion) for all the above segments.

By Type
Apartments & Condominiums
Villas
Other Types
By Construction Type
New Construction
Renovation
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Qatar Residential Construction Market Size Summary

The Qatar residential construction market is poised for significant growth over the forecast period, driven by robust economic indicators such as high GDP growth, population increase, and favorable governmental policies. The country's strategic initiatives, including hosting the Asian Games in 2030 and the FIFA World Cup in 2022, have spurred extensive infrastructure and industrial projects, further propelling the residential construction sector. Despite the challenges posed by the COVID-19 pandemic, which led to project delays and a temporary decline in property prices, the market is recovering, supported by a high demand for luxurious and well-planned residential neighborhoods. The government's efforts to attract foreign investment and protect residential property investors are expected to sustain this growth trajectory.

The market landscape is characterized by a competitive environment with a few key players dominating the sector. The increasing penetration of online channels for property transactions, coupled with rising disposable incomes and a burgeoning middle-class youth population, is reshaping the market dynamics. The demand for residential properties, particularly in areas like Lusail and West Bay, is on the rise, despite fluctuations in rental prices. The market is also witnessing a trend towards more foreign investments, as non-Qataris are allowed to invest in specific real estate projects. This influx of investment, along with ongoing infrastructure developments, is anticipated to bolster the residential construction market in Qatar, making it a lucrative opportunity for both local and international investors.

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Qatar Residential Construction Market Size - Table of Contents

  1. 1. MARKET INSIGHTS & DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Market Drivers

      2. 1.2.2 Market Restraints

      3. 1.2.3 Opportunities

    3. 1.3 Opportunities

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Technological Innovations in the Market

    7. 1.7 Government Regulations and Initiatives in the Industry

    8. 1.8 Insights into Rental Yields in the Segment

    9. 1.9 Insights into Construction Costs

    10. 1.10 Insights into Investment

    11. 1.11 Impact of the COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Apartments & Condominiums

      2. 2.1.2 Villas

      3. 2.1.3 Other Types

    2. 2.2 By Construction Type

      1. 2.2.1 New Construction

      2. 2.2.2 Renovation

Qatar Residential Construction Market Size FAQs

The Qatar Residential Construction Market size is expected to reach USD 12.39 billion in 2024 and grow at a CAGR of 11.45% to reach USD 21.32 billion by 2029.

In 2024, the Qatar Residential Construction Market size is expected to reach USD 12.39 billion.

Qatar Residential Construction Report Snapshots

Qatar Residential Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)