Qatar - Real Estate Review H2 2025

The Qatar real estate market demonstrated a stable foundation in the second half of 2025, with modest improvements across residential capital values and strong continued growth in the hospitality sector. This comprehensive half-yearly review equips decision-makers with a valuation-anchored analysis of the market's trajectory entering 2026.

• Citywide residential capital values (VPI) remained unchanged quarterly but improved by 1.1% year-on-year to 97.6 points, supported largely by a 1.3% rise in villa values.
• Residential sales volumes saw a significant 35.1% annual increase with 1,039 transactions, while the average sales ticket size grew by 11.8% to QAR 2.9 million.
• The commercial office sector showed early signs of stabilisation, as the Office Rental VPI held steady over the half-year and increased 1% compared with Q4 2024 to reach 97.2 points.
• Grade A office asking rents averaged QAR 114.2 per sq m per month, while Grade B/C rents stood at QAR 68.8 per sq m per month, with overall occupancy rising 1.6% annually to 63%.
• The hospitality sector recorded robust half-yearly performance, with Average Daily Rates (ADR) improving by 7.2% to QAR 449.3, and Revenue Per Available Room (RevPAR) jumping 11.5% to QAR 322.
• Key macroeconomic updates included the Qatar Central Bank reducing deposit, lending, and repo rates to between 3.85% and 4.35%, alongside a positive IMF projected growth rate of 6.1% for 2026.

• Institutional investors and developers requiring independent, valuation-based metrics to assess asset performance and inform future project pipelines.
• Lenders and risk management teams seeking authoritative VPI data to underwrite exposure across residential, commercial, and industrial real estate portfolios.
• Multinational corporations and government entities looking to benchmark office rents and negotiate leases within Grade A and Grade B commercial clusters.
• High-net-worth individuals (HNWIs) and active buyers aiming to track residential capital values and rental yields across key districts like Lusail and The Pearl.
• Hospitality operators and tourism stakeholders monitoring RevPAR, ADR, and visitor arrival trends to optimise pricing and operational strategies.

This comprehensive review equips market participants with the evidence-driven insights required to navigate Qatar's evolving property landscape.

• Benchmark residential and commercial assets against citywide capital and rental value trajectories to optimise portfolio performance.
• Understand structural shifts in the office sector, including the divergence between Grade A and Grade B asset performance.
• Support complex acquisition, disposal, and lending decisions backed by an independent, RICS-regulated valuation framework.
• Track key demand indicators across retail and hospitality segments to formulate resilient, long-term leasing and investment strategies