Q
atar's real estate market showed resilience in Q1 2025, driven by steady residential values and a rebound in mortgage lending. According to ValuStrat's Qatar Real Estate Review, the market remained stable despite some fluctuations.
Residential sales transactions rose 13.2% from the previous quarter, with transaction values increasing 3.8%. The average transaction ticket size was QAR 2.7 million, led by high-demand locations like The Pearl and Al Qassar, which saw sales value growth of over 50%.
Mortgage lending declined 2% quarterly but remained at 37% year-on-year. Most mortgage volumes were concentrated in Doha, with 95 deals worth QAR 16.4 billion.
Residential prices averaged QAR 10,420 per square meter for apartments and QAR 5,500 per square meter for villas. Apartment rents held steady at QAR 6,000 per month, while villa rents averaged QAR 11,000. Leasing activity was strongest in Al Wukair, Al Mashaf, and Al Thumama for apartments, and Soudan, Aziziya, and Ghanim for villas.
In the commercial sector, office rental softening was observed across key business districts, with Grade A rents averaging QAR 116 per square meter per month. The addition of new office space, including Marina 31 in Lusail and Corniche Park Towers in West Bay, pushed total office supply to 7.3 million square meters.
The retail segment remained stable, with the addition of Centro Mall and Outlet Village bringing retail stock to 2.5 million square meters. Median mall rents stood at QAR 182.5 per square meter per month, while street retail rents declined in areas like Al Sadd and Old Airport by 10%.
ValuStrat's Head of Research for Qatar, Anum Hasan, noted that the market demonstrated resilience despite seasonal adjustments, particularly during the summer period.
