Potential for significant growth in Qatar’s real estate sector

DOHA: Qatar is advancing efforts in economic diversification and accelerating the pace of economic growth by continuously creating new opportunities f...

DOHA: Qatar is advancing efforts in economic diversification and accelerating the pace of economic growth by continuously creating new opportunities for businesses and investors through a diverse range of initiatives and incentives.

The country’s real estate sector has significant potential for growth. This positions Qatar at the forefront of global investment, fostering a sustainable and attractive business environment that benefits the national economy and fulfils future generations’ aspirations.

Qatar’s success in diversifying its economy will be vital in reducing reliance on the government sector. Offices in secondary areas have the potential to meet demand from smaller private sector companies; however, many office properties will require upgrading and retrofitting to meet modern office standards, Cushman & Wakefield said in its latest Qatar real estate market overview for the first quarter (Q1) of 2025.

“We expect developers to consider building new office buildings in prime locations in the next two years; however, increased office rental rates will need to become evident to support the business case for new construction.”

In February, HSBC joined a growing list of companies that announced they will be relocating their headquarters to Msheireb Downtown. The bank will occupy approximately 3,000 sqm.