Supply for retail realty market posts significant growth

Doha, Qatar: Qatar s retail real estate sector remained steady during the first three months of the year, providing an increase in supply, according t...

Doha, Qatar: Qatar’s retail real estate sector remained steady during the first three months of the year, providing an increase in supply, according to commercial realty agency  - Cushman and Wakefield’s report.

This static growth comes as a result of ongoing expansions in the market across Qatar. Lulu Group International, one of the key players in the region, opened several stores in Q1 2024.

The report outlined that numerous units are “being fitted out”. 

At the same time, it is anticipated that outlets including Doha Mall will open their doors to the public in 2024, adding close to 100,000 sq m of retail floor space to the market, which is expected to represent the largest mall in South-West Doha.

It said: “The opening of Doha Mall will see Qatar’s supply of organised retail malls increases to more than 1.7 million sqm of leasable floor space.