Qatar’s real estate market remained broadly stable in Q1 of 2025, supported by steady residential capital values, a rebound in mortgage lending, and continued leasing across commercial segments. That is according to the latest Qatar Real Estate Review from ValuStrat.
Residential
In the first three months of 2025, the numer of residential sales transactions rose by 13.2% from the previous quarter, while transaction values increased 3.8% in the same period.
That development led to an average transaction ticket size of QAR 2.7 million, with transaction value spearheaded by high-demand locations such as The Pearl and Al Qassar which saw sales value growth of over 50% compared to the previous quarter.
Meanwhile, mortgage transactions across all asset classes of ready properties declined by 2% quarterly, but still stood at 37% year-on-year basis. The majority of mortgage volumes were concentrated in Doha, with 95 deals worth QAR 16.4 billion.
As it stands, an average apartment in Qatar goes on the market for QAR 10,420 per square meter (note: based on median values), while villas go for QAR 5,500 per square meter. On the rental side, apartment rents held steady in Q1 of 2025 at QAR 6,000 per month, while villas averaged QAR 11,000. Leasing activity for apartments was strongest in Al Wukair, Al Mashaf, and Al Thumama, while villa demand was centred in Soudan, Aziziya, and Ghanim.
Offices
In the commercial landscape, ValuStrat said that there was a pattern of rental softening across the board, including in key business districts. Grade A rents averaged QAR 116 per square meter per month, with the sharpest declines in West Bay and Al Sadd. Grade B/C rents were largely flat quarterly but down 1.9% year-on-year at QAR 67 per square meter per month.
One factor which may have impacted office rental is capacity – around 60,000 square meters of new gross leasable area (GLA) was added in the year’s first quarter, including Marina 31 in Lusail and Corniche Park Towers in West Bay, pushing total office supply to 7.3 million square meters in gross leasable area.
Retail space
The retail segment of the market remained stable in Q1, with the addition of Centro Mall and Outlet Village bringing retail stock to 2.5 million square meters of new gross leasable area. Median mall rents stood at QAR 182.5 square meter per month, while street retail rents inside Doha declined in areas like Al Sadd and Old Airport by 10%.
The outlook
Commenting on the report’s findings, Anum Hasan, Head of Research for Qatar at ValuStrat, said: “Overall, Q1 marked a relatively stable quarter for Qatar’s real estate market. In the months ahead, we anticipate further seasonal adjustments, particularly during the summer period, as the market continues to demonstrate resilience while adapting to evolving dynamics.”
The company behind the research, ValuStrat, is an international consulting firm with award-winning status in the real estate sector. The firm has 16 offices in 5 countries, including in Qatar.
For a detailed perspective on the property market, visit: Qatar - Real Estate Review Q1 2025
